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Mark Mwaungulu

Leumi UK has provided a £43.7m loan to Israeli firm Fattal Hotel Group for the acquisition and refurbishment of the historic Grand Brighton Hotel.
The Frankfurt firm, which has assets under management of €1.4bn, had previously put ambitions in the lending market on hold.
The consultant, at its latest annual address on financing property, said it also expects an uptick in transaction volumes in H2.
The London firm, which sold a 31% stake to Candriam Group earlier this year, plans to launch a successor to its TIPS One fund in Q3.
Residential affordable housing
The fund will be Lenwood’s first dedicated residential credit vehicle, as it cites investor appetite for the asset class.
The manager, which initially targeted €400m for its sixth property credit fund, now expects to raise up to €300m by final close this year.
London-based Ashby Capital assembles a property debt platform for to provide mezzanine and development finance to the UK.
Former RBS banker Gareth Taylor has joined the firm as head of real estate debt.
The firm’s real estate debt team is aiming to raise up to €500m for its senior-focused fund.
Frankfurt am Main Skyline, Germany
The German firm launched its maiden property debt fund in 2021 before discontinuing it in autumn 2022, citing difficult headwinds.

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