DEBT ADVISER OF THE YEAR (INVESTMENT FINANCING): UK

WINNER: Brookland
SECOND PLACE: CBRE
THIRD PLACE: JLL

Independent advisory firm Brookland reported advising on £1.1 billion (€1.3 billion) of debt relating to the UK investment market in the year to November 2021. In January, it advised private equity firm Aermont Capital, owner of London’s Pinewood Studios, on a £200 million high-yield bond tap issuance. It also advised Aermont on a £275 million loan from Credit Suisse, Barclays and Goldman Sachs to support its August acquisition of housebuilder Keepmoat.

 

DEBT ADVISER OF THE YEAR (INVESTMENT FINANCING): CONTINENTAL EUROPE

WINNER: First Growth Real Estate
SECOND PLACE: JLL
THIRD PLACE: Three Stars Capital Partners

First Growth, which is active throughout Europe, advised on several large investment financing deals in 2021. It arranged a €40 million acquisition and capex loan for an ultra-high-end residential asset on Boulevard de la Croisette in Cannes, France. It sourced a €30 million subordinated loan as part of the bridge financing of a pan-European mixed-use portfolio during covid lockdown. Other deals included a €125 million Spanish hotel portfolio financing.

 

DEBT ADVISER OF THE YEAR (DEVELOPMENT FINANCING): UK

WINNER: BBS Capital
SECOND PLACE: CBRE
THIRD PLACE: Brotherton

Advisers were in demand in 2021 from sponsors eager for finance to launch development schemes. London-based BBS arranged loans during the year for two central London hotel schemes as developers bet on a hospitality market recovery. It also sourced finance for two out-of-town retail parks. In the residential sector, it advised on a £24 million (€28.5 million) January loan from Investec Real Estate to Blue Coast Capital for 56 apartments in Richmond, London.

 

DEBT ADVISER OF THE YEAR (DEVELOPMENT FINANCING): CONTINENTAL EUROPE

WINNER: Eastdil Secured
SECOND PLACE: CBRE
THIRD PLACE: JLL

In May 2021, Eastdil advised Icawood on one of France’s more notable development financing transactions of the year. The low-carbon real estate development fund agreed a €185 million loan from Allianz Real Estate and BNP Paribas Real Estate for the construction of an office, retail and student accommodation scheme in Paris, with a wooden structure. Among other deals, Eastdil advised on a €130 million retail outlet development financing in France for developer Apsys.

 

LAW FIRM OF THE YEAR: EUROPE

WINNER: DLA Piper
SECOND PLACE: Kirkland & Ellis International
THIRD PLACE: Macfarlanes

DLA Piper’s instructions in the European real estate finance market in 2021 included advising German banks pbb Deutsche Pfandbriefbank and Helaba in the €380 million refinancing of a portfolio of logistics assets for GARBE Industrial Real Estate, located across Germany and the Netherlands. It also acted for German debt fund manager Aukera as it built its loan book, including €92 million and €37 million loans for assets in Luxembourg and Munich, respectively.

 

LOAN SERVICER OF THE YEAR: EUROPE

WINNER: Mount Street
SECOND PLACE: CBRE Loan Services
THIRD PLACE: Trimont Real Estate Advisors

Mount Street grew its European real estate loan servicing portfolio in 2021. It on-boarded around £13.5 billion (€16 billion) of new loans and closed a £30 billion outsourcing project. The London-headquartered firm was mandated on eight new European CMBS transactions – representing more than a half-share of new issuance. At the request of junior noteholders, it also became special servicer of a UK shopping centre loan in the Elizabeth Finance 2018 CMBS.

 

FINTECH COMPANY OF THE YEAR: EUROPE

WINNER: FinLoop
SECOND PLACE: LendInvest
THIRD PLACE: Oxane Partners

Finloop, a digital platform through which lenders, borrowers and advisers can source business, was launched in January 2021 by former BrickVest CIO Thomas Schneider and Bayes Business School senior research fellow Nicole Lux. In December, it reported that lending volumes on its platform had surged from €400 million in Q1 to a projected €5 billion by year-end. In December, it announced a ‘white label’ deal in which Dutch broker Adelaer would use the platform.