BBVA sells bulk of property assets to Cerberus

Spanish bank BBVA has sold an 80 percent stake in its domestic real estate business to US private equity firm Cerberus for €4 billion.

LaSalle closes third mezzanine fund on £804m

LaSalle Investment Management has closed its third mezzanine and whole loan fund on £804 million (€903 million).

Brookfield to lend in Europe as part of $3bn debt fund

Brookfield Asset Management has held a $3 billion final close for its fifth real estate debt fund, Brookfield Real Estate Finance V, through which the firm has the ability to lend up to 20 percent in Europe.

Northern Ireland enlists CBRE to address debt shortage

The Northern Irish government has launched a £100 million (€111 million) fund to address the shortage of development finance.

Man GPM eyes UK residential market

Alternative debt provider Man Global Private Markets is working on plans to enter the UK residential market. The global private markets business of Man Group, which launched last year after the acquisition of property investment manager Aalto Invest, has so far financed residential assets in the US market and in Ireland and is now considering […]

MünchenerHyp re-enters US market

Münchener Hypothekenbank has resumed lending in the US, a market it pulled back from in 2009, to further expand its international portfolio.

Citi’s LendInvest loan marks a new route into property lending

In backing niche debt provider LendInvest’s drive into the UK buy-to-let residential mortgage market, Citi has demonstrated the potential for an investment bank to access property lending via fintech.

Debt is an apt product for 2018

Core investors’ growing interest in providing debt rather than buying prime assets outright makes sense in this prolonged stage of the cycle.

Real estate industry reacts to UK rate rise

The question now is whether this is a ‘one and done’ move or a gradual realignment that will eventually end a decade of cheap debt.

AEW, Natixis near final close on second fund – Exclusive

AEW and Natixis Asset Management’s partnership is expected to reach a final close for its second property debt fund by December, targeting up to €700 million.

Copyright PEI Media

Not for publication, email or dissemination