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The subsidiary of German lender pbb Deutsche Pfandbriefbank is speaking to investors about raising up to €500m.
European respondents to a global survey are most fearful about inflation and interest rate volatility in 2024.
The manager’s original €450m facility has been increased, with new lenders Deutsche Bank and CACIB added.
City of London skyline
The bank has provided a £46m loan to South Korean managers Kiwoom Securities and Hana Securities.
The bank’s chief executive says he is confident it will 'get through' the challenging market conditions.
Channel in Amsterdam Netherlands houses river Amstel
The German bank has provided a €130m facility to Schroders for an office portfolio.
The loan, to developer ZAR Real Estate, includes capex for an ESG-focused upgrade of the properties.
Two domestic managers, Silverton and Pöttinger, have paired up to offer advice in cases where schemes have stalled.
The big opportunity, managers argue, is in real estate credit. But while many investors’ attention has pivoted to the asset class, their capital is yet to follow.
Inflation and geopolitical problems remain, but evidence is growing that property values may not fall much further, say experts.
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