Alternative sectors

Debt providers will see rising interest rates, slower growth in European markets and more political uncertainty in 2019.

The alternative lender sees strong demand for senior living facilities due to rapidly aging population.

The private equity firm’s property lending business has backed Värde Partners’ new hotel brand.

As the late stage of the property cycle begins to bite, the 2019 Emerging Trends Europe report indicates where debt providers should put their capital to work.

Crédit Agricole and Société Générale have financed Henderson Park’s acquisition of the iconic Westin Paris-Vendôme at a time when luxury hotels are in vogue for investors and lenders.

The Spanish REIT, recently bought by Blackstone, has signed a facility maturing in February 2020 with BNP Paribas.

Lending to a singular alternative real estate sector means a firm must be ready to underwrite a property type’s unique risk and demonstrate specialist expertise.

French bank Société Générale has underwritten the financing of a huge healthcare deal, highlighting the allure of the sector to lenders.

Healthcare REIT MedicX has refinanced £233.7m of existing loans from the insurer, while increasing the facility by £30.8m.