Lucy Scott
Property finance was on the agenda during week one of the 29th session of the Conference of the Parties to the United Nations Framework Convention.
The US manager said it is on the lookout for further growth opportunities.
Analysis by manager AEW reveals the composition of the €86bn debt funding gap.
Berlin Hyp and DZ Hyp, both new lenders on the deal, stepped in after the building’s owners injected €60m into the property.
The central bank says private credit lending and specialist real estate banks could pose unseen issues for financial stability.
With leverage, the Toronto-based manager has the potential to lend as much as €300m.
The newly-launched fund, which is already being deployed, is issuing loans of between €25m and €75m.
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The financing issued by the Wiesbaden-headquartered lender will enable the owner to undertake extensive renovation work.
The Dutch bank found real estate bond issuance hit €19bn through mid-October, beyond the €15bn it expected for all of 2024.