Loans

UK-based credit investment firm LCM Partners has closed the purchase of a €113 million German real estate loan book through a secondary transaction, according to Real Estate Capital's sister publication, Private Debt Investor.

Blackstone and Prudential's £11.8 billion purchase of a loan portfolio demonstrates today's demand for non-core but performing debt.

Gifford West, managing director at The Debt Exchange, gives Real Estate Capital his forecasts for the European real estate loan sales market in 2017.

A groundbreaking fourth quarter meant the market for European real estate loan sales and real estate owned (REO) deals reached a new record of €85.9 billion in 2015, according to a report from Cushman & Wakefield.