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Alternative lenders
The European logistics property market is booming, and lenders are aiming to capitalise. Lauren Parr reports.
UBS Asset Management has provided four loans totalling £44.5 million (€49.6 million) in Q3 through the UBS Participating Real Estate Mortgage Fund (UBS-PREMF).
AEW and Natixis Asset Management’s partnership has boosted its real estate debt team as it completes the third close of its second property debt fund at over €500 million.
AEW and Natixis Asset Management’s partnership is expected to reach a final close for its second property debt fund by December, targeting up to €700 million.
Debt fund capital raised in the first nine months of 2017 surpasses last year’s total, Real Estate Capital data show.
French fund manager Zencap AM has raised €240 million for its second property debt fund, a vehicle which will be focused on providing credit to value-add and opportunistic deals.
French fund manager ACOFI has launched its fifth property debt fund, with a fundraising target of €600 million by July 2018.
The investment management arm of French insurance firm AXA has closed its 10th property debt fund with €1.5 billion raised.
Europa Capital has launched a debt vehicle with commitments of £100 million (€110 million) to invest in UK commercial real estate, with a focus on regional markets.
Tunstall Real Estate Asset Management has raised €55 million at the first closing of its new Netherlands-focused discounted pay-off debt fund.