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Development finance
The report, compiled by The Business School, formerly known as Cass, reveals new UK lending dropped 23% to £33.6bn in 2020.
The private investor’s chief financial officer says financing options for its new flexible office development in Birmingham were limited.
A €296m construction financing in the German capital, led by Deutsche Hypo, was among the week’s more eye-catching items.
Nine months after their departure from the UK listed property lender, Randeesh and Daljit Sandhu have launched private equity-backed Précis Capital Partners.
Mark Bladon, head of real estate at the banking group since January, plans to grow its exposure to build-to-rent residential and logistics, as well as its syndication capabilities.
The private investor believes the extended stay apartment model will benefit from future patterns of demand.
The UK lender says the deal will allow them to finance a wider pool of property developers looking to deliver housing across the country.
By backing construction schemes, debt providers are carefully considering future demand for real estate, delegates at CREFC Europe’s conference heard last week.
The report, authored by the business school formerly known as Cass, reveals new UK lending dropped 34% to £15.5bn in H1 2020.
The real estate arm of the German insurer recently provided €200m to fund the construction of a low-carbon office complex in the Paris region to be built primarily from wood.