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Alternative lenders
DRC Capital has closed its third mezzanine and whole loan fund on £600 million (€682 million).
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Lending in the US is an attractive proposition for European organisations, but fierce competition is already hitting loan margins.
Hermes Investment Management has provided a £120 million (€136 million) loan to UK boutique hotel operator Firmdale Holdings.
Niche UK lender Octopus Property has provided a £31.3 million short-term loan to fund the purchase of a London office portfolio ahead of its conversion into apartments.
LaSalle Investment Management has closed its third mezzanine and whole loan fund on £804 million (€903 million).
Brookfield Asset Management has held a $3 billion final close for its fifth real estate debt fund, Brookfield Real Estate Finance V, through which the firm has the ability to lend up to 20 percent in Europe.
The Northern Irish government has launched a £100 million (€111 million) fund to address the shortage of development finance.
Alternative debt provider Man Global Private Markets is working on plans to enter the UK residential market. The global private markets business of Man Group, which launched last year after the acquisition of property investment manager Aalto Invest, has so far financed residential assets in the US market and in Ireland and is now considering […]
Core investors’ growing interest in providing debt rather than buying prime assets outright makes sense in this prolonged stage of the cycle.