Uncategorized

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.

KKR prepares to lend in Europe as managers seek opportunities in a volatile market; ratings agency Moody’s highlights enhanced refinancing risk in its latest paper; debt’s share of real estate fundraising grows, but volumes drop overall; and more in today’s briefing, exclusively for our valued subscribers.

Blackstone sees slowdown as inevitable; investment in European residential declines; lenders take the co-operative route with borrowers; why CEE is a lending hot spot; cost of doing business crisis worsens for UK occupiers; and more in today’s briefing, exclusively for our valued subscribers.

The New York-based mega manager expects deployment activity to become muted but more creative dealmaking to emerge in the near term.

Oxford Economics sounds alarm over declining interest coverage ratios; Fiera Real Estate sees "huge" potential as it launches a debt business; the mid-year 2022 Bayes Business School UK report provides a snapshot of a buoyant H1; and more in today’s briefing, exclusively for our valued subscribers.

Private real estate managers are being cautioned to garner a greater understanding of the vitality of their tenants to avoid triggering income clauses in their borrowing terms.