February 2018 Issue

French fund manager Amundi is aiming to build on its track record in real estate investment by entering the property lending market.

The latest figures compiled by our data team show there are 29 Europe-focused debt funds with known targets above €100 million currently fundraising.

Real Estate Capital’s data on the latest UK and continental European real estate lending deals.

Private real estate debt remains a popular asset class with investors, AXA’s Timothé Rauly told Daniel Cunningham at Private Debt Investor’s Capital Structure Forum.

Debt funds have been a bright spot in private real estate fundraising lately. But at the same time, the capital piling into the strategy is concerning for some in the industry.

Although the alternative real estate lending sector has grown massively, regulation remains light.

Banker-turned-debt fund manager Jim Blakemore is taking GreenOak Real Estate’s lending business into continental Europe.

Solvency II regulators have shown willing to investigate high CMBS capital charges for insurers.

Sareb has managed to reduce bad loans by almost one-third, but divestment of toxic assets remains behind target.

After years of negotiation, the shape of the Basel Committee’s landmark banking regulation has emerged from the mist.

Singapore’s GLP has raised capital for its purchase of Gazeley by tapping Chinese President Xi Jinping’s drive to improve trade with Europe.

In the wake of the financial crisis, efforts to reform financial markets have had a profound effect on real estate lending.

Economic improvement in the eurozone will underpin a stable year for real estate markets, industry players predict.

The final close of Goldman Sachs’ latest global credit vehicle demonstrates the appeal of property debt to investors seeking access to real estate returns with the benefit of debt’s defensive profile.

Whether by geography, sector or product, real estate finance providers are broadening their scope. Alternative lenders, particularly, are set to benefit from the drive to diversify.

As we enter a new year, real estate markets are changing fast and lenders should reconsider assumptions about property fundamentals, writes Yolande Barnes, head of Savills World Research.

French fund manager Amundi is aiming to build on its track record in real estate investment by entering the property lending market.

The European CMBS market has worked on a slow burn this year even by its own standards, with the first public deal creeping in just weeks before the end of 2017.

Innovation in the industry will require debt providers to rethink how they underwrite certain properties.