Alternative lenders

The Stuttgart-based firm is looking to raise €300m from institutional investors for a vehicle through which it hopes to capitalise on higher margins in the German market.

The investment manager will allocate up to €300m in the European and Asian property credit sector.

Vicky Schiff, chief executive of Avrio Management, is on a mission to prove that environmental and social improvements also make for better business, Rob Murray writes.

The Los Angeles-based manager raised an aggregate $500m for its funds targeting the strategy in the second quarter of 2023.

The Madrid-based firm will allocate a third of capital raised to real estate debt.

The property adviser finds lenders exercising caution in expectation of further price falls in the market.

Banks remain a major part of Europe’s refinancing picture, but insurers are also becoming more active.

The Essen-based firm, which was founded in 2020, will target a 6-7% net return for its upcoming whole loan lending vehicle.

Speaking at the first District World Summit event in London last week, the bank’s co-head of real estate said values have not adjusted as quickly as anticipated.

The firm is aiming to raise considerably more than when it first came to the European real estate credit market in 2020.