Markets

Private real estate debt vehicles need to prove their value to investors in a more crowded and competitive market.

Erik Savi’s exit is accelerating the combination of infrastructure and real estate debt into a single platform, a plan that was already in the works.

Through its purchase of a debt business from Quadrant, the French giant has gained access to a greater set of lending opportunities, and the ability to be more selective.

The German bank generated €6.1bn of new real estate loans in the first nine months of 2018, up 7% year-on-year despite lower activity in Europe.

The Chicago-based investment firm has had an active European real estate debt business since 2010.

The US offers stable loan underwriting standards and an opportunity for debt funds to take back market share from banks, which have lent more in recent quarters.

In the second of three instalments, Real Estate Capital examines the leading lenders in Europe today.

The fund’s commercial focus differs from its predecessors, which targeted an array of assets.

The German bank recorded €4.2bn of new real estate lending in the first half of 2018.

Colony NorthStar has collected a total of $1.3 billion for its fourth real estate debt fund, Colony Distressed Credit & Special Situations Fund IV, Real Estate Capital's sister title PERE has learned.