Silvia Saccardi
The fund, managed by Broadwood Capital, has a remit including care and retirement homes.
The US manager aims to source refinancings and acquisition loans via German adviser FAP Group.
'It all depends on the operator and how the asset is positioned,' says Nuveen’s head of debt capital markets, Europe and APAC.
The alternative asset manager prefers office renovation projects to demolition plans, according to its head of UK real estate investment.
The refinancing of 32 Rue Blanche in Paris’ ninth arrondissement was secured by Toronto-based investor Oxford Properties following its renovation.
Collaboration between the US alternative lender and the Munich-area-headquartered bank signals innovation in European commercial real estate lending.
The bank’s build-to-rent target demonstrates lender appetite for the private rented sector.
There is increased lender interest for socially-minded projects, even if a sustainability-linked loan isn’t part of the agreement, says the firm’s COO.
Mezzanine financing in Europe’s largest real estate market is playing less of a role, according to the report.
Large volumes of hospitality transactions across Europe have positively affected lending activity.