Mark Mwaungulu
The firm, which launched the predecessor Generali Real Estate Debt Investment Fund in 2019, is targeting a €1bn raise.
The $1.2bn manager is set to provide a whole loan to a London-based developer.
The alternative lender is looking to grow its evergreen global Mortgage Income Fund to $500m in the next few years.
According to the industry body’s latest investor survey, 62% expect to increase their allocations to credit vehicles in the next two years.
The manager, which has sourced a £42m loan for a Birmingham BTR scheme, will pause further borrowing activity in the sector due to the rising cost of debt.
BNP Paribas REIM says the inflationary market favours ESG and demographic-related value creation.
The London-based manager‘s pan-European CREDO fund has invested in the Irish hotel market as it sees competitors ‘retreating’.
The financial services firm is advising investors to refrain from buying as property prices fully adjust.
The consultant’s survey reveals growing concerns over real estate investor revenues and access to capital.
The consultant highlighted that the proportion of stage two underperforming loans had increased to 9.5% by the end of Q2.
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