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Alternative lenders
During the festive period, why not take a moment to have your say on 2017’s top performers in European real estate finance?
French alternative investment fund manager Zencap Asset Management has closed its second real estate debt fund, focused on providing credit to value-add and opportunistic deals.
French fund manager Amundi is aiming to build on its track record in real estate investment by entering the property lending market.
The firm’s Europe debt head Jim Blakemore (pictured) says fundraising for the regional vehicle was ‘a lot easier’ than it was for its first UK debt product thanks to investors being more comfortable with the strategy nowadays.
DRC Capital has closed its third mezzanine and whole loan fund on £600 million (€682 million).
It’s the news you’ve all been waiting for… The Real Estate Capital annual awards poll is now open, giving you the chance to have your say on which organisations and deals defined the market in 2017.
Lending in the US is an attractive proposition for European organisations, but fierce competition is already hitting loan margins.
Hermes Investment Management has provided a £120 million (€136 million) loan to UK boutique hotel operator Firmdale Holdings.
Niche UK lender Octopus Property has provided a £31.3 million short-term loan to fund the purchase of a London office portfolio ahead of its conversion into apartments.
LaSalle Investment Management has closed its third mezzanine and whole loan fund on £804 million (€903 million).