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Alternative lenders
Part three of our guide to the finance providers making their mark in Europe.
The £900m equity backstop committed by shareholder Brookfield is designed to gain bondholders’ approval for raising fresh debt.
The firm is confident in the European lending market’s prospects, David Gorleku, from Blackstone’s real estate credit business, tells REC Europe.
Among the main takeaways from this year’s list is the suggestion of improved liquidity in European real estate lending markets.
The latest financing of the Irish mall highlights the fall in sector values since the height of the market.
A JV between Valor and QuadReal will use the loan to refurbish seven recently purchased urban logistics assets.
The deal comes as the Canadian manager plans to ramp up its European real estate lending activity.
Panellists at CREFC Europe’s Autumn Conference said lenders with available capital are keen to close deals.
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.