Eugenia Jimenez
Institutional interest in UK homes for rent is leading debt providers to consider providing finance in the sub-sector.
The pandemic has put European life sciences real estate firmly on equity investors’ radars. Meanwhile, lenders are having to educate themselves about the sector.
The pricing of the US manager’s latest debt facility is tied to performance measures, including its success in making its portfolio company boards more diverse.
The Madrid-based manager is aiming to deploy around 60% of its debt fund in small-to-medium sized loans in its home country, with the remainder targeted further afield.
NatWest’s expected sale of a portfolio of non-performing loans to a joint venture between equity firm Attestor Capital and retail property specialist Ellandi is the first significant UK NPL sale in the wake of the pandemic, market participants say.
Dan Pottorff, the manager’s head of debt investment, says Invesco’s determination to make the Birmingham asset more valuable over time was key to its decision to fund the project.
After underwriting a modular construction project for the first time, the bank says the building method can be efficient and sustainable but comes with specific lending risks.
Panellists at PERE’s Debt & Financing Forum said linking debt pricing to pre-agreed sustainability targets can encourage borrowers to stick to business plans.
The specialist lender, which has focused to date on residential development financing, says the pension fund’s investment will support its lending market growth.
One of Europe’s best-known real estate managers is launching a debt strategy. Dan Pottorff, left, who has been hired to run it, and company chief executive Ian Laming tell us why.