REC staff

AEW’s revised estimate of the debt funding gap facing the UK, France and Germany illustrates the scale of the industry’s refinancing challenge; Generali and Blackstone’s debt fundraising targets indicate lending strategies remain attractive to investors; Pluto’s hiring of Phil Hooper from NatWest hints at its ambitions; and more in today’s briefing, exclusively for our valued subscribers.

Manchester financing gets QuadReal Property Group and Precede Capital’s partnership off the ground; Goldman Sachs’ Spanish NPL sale hints at uptick in portfolio sale activity; Knight Frank seeks new routes to debt capital for clients through Berkadia partnership; and more in today’s briefing, exclusively for our valued subscribers.

Chenavari’s new Paris-based business provides a platform for continental European lending strategy; Kennedy Wilson’s triple Irish financing deal comes with green conditions; ANREV, INREV, and PREA’s latest survey shows investors are pivoting to debt; and more in today’s briefing, exclusively for our valued subscribers.

Vancouver-based QuadReal’s entrance to the UK lending space via its Précis partnership signals another significant entrant; Allianz Real Estate’s new name to reflect the prime assets it manages; voting soon closes in the Real Estate Capital Europe Awards 2022; and more in today’s briefing, exclusively for our valued subscribers.

Goldman maintains fundraising enthusiasm as it amasses money for its fourth debt fund; abrdn breaks swap for a better deal; under-fire Kennedy Wilson flags its positive lending activities across 2022; global mega-managers anticipate a treacherous 2023; Germany's real estate lenders are gloomier than ever; and more in today’s briefing, exclusively for our valued subscribers.

Blackstone's gated private REIT is a sign of things to come as investors seek liquidity; Citi’s prediction of a sharp decline in London office values spells concern for lenders; Cheyne Capital’s European hotels loan hints at lender demand for lifestyle hospitality deals; and more in today’s briefing, exclusively for our valued subscribers.

Welcome to Real Estate Capital Europe’s guide to the small-ticket property lenders active in the market today.

As Europe heads into a new interest rate and inflation environment, small-ticket real estate lenders are coming under pressure, writes Mark Cooper.

Inside: The debt funding gap – why refinancing maturing loans is becoming a challenge; Europe’s Top 50 Lenders 2022 – our annual round up of the industry leaders; A 16-page special report on small-ticket lenders; A Spain roundtable; Plus much more…