REC Contributor

The European Commission has backed the European Parliament’s proposals to water down new rules on banks holding non-performing loans (NPLs).

The firm’s real estate debt business launch follows hot on the heels of its latest private debt fund close.

The UK student accommodation sector is facing headwinds, writes Hayley Scott of Investec Structured Property Finance.

A decade since the last peak and crash, the real estate banking sector is better positioned for the inevitable correction, writes Simon Marshall, head of UK commercial property finance at Landesbank Baden-Württemberg (LBBW).

Debt fund capital raised in the first nine months of 2017 surpasses last year’s total, Real Estate Capital data show.

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

The majority of insurance companies surveyed in a new study from BlackRock plan to increase holdings in one or more income-producing private debt strategies. Eighty-two percent of the insurers, comprised of 248 respondents and representing $6.5 trillion in assets, said that they would increase allocations to at least one alternative credit strategy such as commercial real estate debt.

MaxCap Group (MaxCap), the Australian commercial real estate (CRE) debt investment manager, has appointed Brett Corfield to the newly created role of chief risk officer. Corfield, who will be based in the firm’s Melbourne head office, has 25 years of experience in financial services and real estate in Australia, Asia and the US.

PEI Media Group, owner of Real Estate Capital, has secured financial backing from UK mid-market private equity provider LDC for a management-led buyout of the alternative assets information business. LDC, which is part of Lloyds Banking Group and exclusively invests off the bank’s balance sheet, has made a significant equity investment for a minority stake in the business. PEI’s management team, led by chief executive Tim McLoughlin, also invested in the transaction. Co-founders David Hawkins and Richard O’Donohoe are becoming non-executive directors and will continue to hold a minority interest.

KKR Credit has hired John Davison to lead its recently launched pan-European debt platform, Pillarstone. Davison, formerly global head of strategic investments at Royal Bank of Scotland, joins the platform as chief executive officer. He will also be a co-investor.