REC staff
Upward pressure on debt costs as the ECB raises rates and the Federal Reserve prepares another hike; investment manager Barings has high hopes for whole loan returns after raising €650 million; Leumi UK makes its latest loan in the UK capital’s hospitality sector; and more in today’s briefing, exclusively for our valued subscribers.
Allianz Real Estate’s Roland Fuchs makes the case for retail following a €400 million loan in the sector; Brookfield sources financing for its Hibernia REIT acquisition; Ready Capital is the latest US organisation seeking returns in Europe’s real estate lending market; and more in today’s briefing, exclusively for our valued subscribers.
BNP Paribas Asset Management targets senior and junior strategies through its fundraising; Mount Street and HSBC take on a standout servicing mandate; Waypark Capital’s entrance signals continued investor demand for real estate debt; and more in today’s briefing, exclusively for our valued subscribers.
Schroders signals its continued real estate debt ambitions by adding Europa’s credit team; a major M&A deal in the German banking sector closes as LBBW buys Berlin Hyp; Bank of America goes bearish on offices in new research note; and more in today’s briefing, exclusively for our valued subscribers.
SEGRO mitigates interest rate risk through a private placement debt issue; Japan’s Mizuho Bank sees potential in UK real estate lending; Cain focuses on location with its latest office financing; and more in today’s briefing, exclusively for our valued subscribers.
The threat of double-digit inflation in the UK feeds into industry participants’ concerns; rising cost of debt and the drive towards sustainability are among topics discussed at REC Europe’s London event; Investec’s sentiment survey reveals beds sectors are top of sponsors’ picks for the coming five years; and more in today’s briefing, exclusively for our valued subscribers.
Former M&G debt boss John Barakat’s new firm launches at a time of strong investor demand; UK retailer John Lewis sees a residential future for three of its sites; property consultancy Savills reports more lenders than ever active in the UK; and more in today’s briefing, exclusively for our valued subscribers.
Invesco Real Estate opts for an open-end structure for its first European debt fund; UK investor and developer Delancey hires Martin Farinola from Brookfield as it aims to grow its debt business; US lenders grapple with the future of the country’s Class B offices; and more in today’s briefing, exclusively for our valued subscribers.
Managers featured in the latest Debt Fund 30 ranking collectively reported an increase in European lending volume year-on-year.
The financing behind European real estate debt funds is both a bright spot and a dark corner of the real estate debt market, finds CREFC Europe's CEO, Peter Cosmetatos.