Daniel Cunningham
The debt was provided to Finnish company Technopolis, owned by manager Kildare.
Lower liquidity costs are among the key factors, according to Stuttgart-based BF.direkt.
Real estate market participants do not expect a significant immediate change in debt market conditions.
Growth in compensation across Europe’s real estate debt market was largely absent in 2023, according to the annual compensation survey by executive recruiter Sousou Partners, shared with Real Estate Capital Europe.
Ravi Stickney, leader of the firm’s real estate business, says it is crucial to know when to lean in and when to pull back from the financing market. And now is the time to lean in, he says.
The biggest fundraisers for Europe-focused credit strategies revealed
Hopes that interest rates may have peaked are cheering survey respondents.
The manager has acquired performing loans from the German bank in a landmark transaction.
Debt providers are converging on favoured types of real estate, the consultant said at its latest Financing Property event.
The manager says the transaction enables it to free up capital for future deals.