Janssen: More firepower, better control for TH Real Estate

TIAA-CREF’s takeover of TH Real Estate could lead to more firepower and better control of its lending business, says the firm's head of real estate debt Christian Janssen. TIAA-CREF increased its stake in the firm from 60% to 100% yesterday after paying £80m for Henderson Global Investors’ 40% interest in the business. TIAA-CREF and Henderson started the joint venture last year.