Andy Thomson
The firm’s debut vehicle sees it broaden its investor base and will target both fund and co-investments.
It’s a mixed picture in European real estate lending, with volumes increasing in Germany, the Benelux and Nordics, but declining in the UK, according to the latest European Lending Survey for Spring 2017 from Cushman & Wakefield.
Stay close to Real Estate Capital this festive season as we look back on 2016 and prepare to investigate the themes that are likely to dominate the year ahead.
Basel IV is supposed to level the playing field on risk modelling, but many fear it will prove extremely costly and restrict lending.
For smaller borrowers unable to rely on bank lending any more, the likes of NatWest’s ‘Capital Connections’ platform are an encouraging development.
Fundraising by closed-ended real estate-focused debt funds had reached more than $23.2 billion by the end of the third quarter of 2016, according to data from PDI Research & Analytics.
It was a relatively small deal but it may have signalled something big. This summer, Pembrook Capital Management stepped in with a $16.6 million loan to support the acquisition of the Mark Twain Hotel in Chicago by NHP Foundation, a New York-based not-for-profit real estate corporation.
Brightstar Financial, a UK-based specialist lender, has launched a new division called Sirius Private Clients that will focus on financings for high net worth (HNW) residential and commercial real estate transactions.
ACOFI, the Paris-headquartered fund manager, has secured approximately €420 million in commitments for PREDIREC Immo IV, its fourth CRE debt fund.
In one of the largest real estate debt deals in India in recent years, Piramal Fund Management (PFM), the real estate-focused fund and funding platform, has invested Rs2,320 crore ($347 million) in various projects being undertaken by developer Lodha Group in Mumbai.