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Alternative lenders
The achievements of the winners of the 33 categories in REC Europe’s annual awards highlighted major trends in the European real estate debt market in 2021 and beyond.
The fundraising and deals that stood out from the rest.
Daniel Austin and Joshua Weinstein of London-based ASK Partners, winner of Small-Ticket Market Lender of the Year (Sub-€20m Market): Europe, discuss how they are taking advantage of some radical shifts in the market.
Roland Fuchs, head of European real estate finance at Allianz Real Estate, winner of Alternative Lender of the Year: Europe and Alternative Lender of the Year: Germany, discusses the market’s challenges and opportunities.
Although the pandemic made capital raising more complicated, the manager brought new investors into its latest debt vehicle and is now preparing a successor fund launch.
Following Starz Real Estate’s sourcing of Middle Eastern funding for its credit platform, the firm’s chief executive says the European lending market is increasingly attracting the interest of global investors.
The Los Angeles-based manager is angling itself for another round of volatility, says Justin Guichard, co-portfolio manager of the platform.
Starwood and King Street’s backing of the Hotel Danieli in Venice suggests international debt providers have faith in Italy’s trophy hospitality assets.
The Los Angeles-based manager has made hires from Carlyle, Goldman Sachs and Clifford Chance as it expands into Europe’s property lending market.
Through the new partnership, the organisations have already closed two deals, including the £251m financing of a residential development in London’s Nine Elms.