The Chicago-based manager’s latest real estate debt fund carries the same strategy as its predecessor, but the lower return targets are a function of the late cycle, sister title PERE has learned from a source.
The UK's regulator has thrown its support behind the SONIA benchmark as a replacement for LIBOR, which could have knock-on consequences for private debt documentation.
In his first interview with our sister title, PERE, Emmanuel Van der Stichele sets the agenda in leading one of Blackstone’s high conviction bets - last-mile logistics.
Many expect a ‘Brexit bounce’ in UK property investment. But real estate finance professionals are unlikely to get carried away.
As GRESB passes the 10-year mark, Lisa Fu puts the industry’s yardstick under the microscope
For a number of reasons, one of the largest UK property funds remains the only such vehicle to have frozen trading in recent months.
The firm intends to raise €2bn by the end of the year, and said there are huge opportunities as banks continue to dispose of non-core assets.
Value-add assets in the region during this fully-priced part of the investing cycle require existing income and disciplined leverage for the best chance of success, argues Mike Bryant, co-head of real estate at manager Partners Group.
As the region's markets have become less correlated, the fundraising environment now varies by geography and sector, says Lazard's James Jacobs.
The Real Estate Finance business of consultancy Link Group, which is launching its fourth annual survey of the UK real estate debt market, expects to see greater supply of debt from German and other continental European lenders.