capital markets

The real estate manager has hired Isabelle Brennan from M&G and Michelle Liu from CIT to expand its debt platforms on both sides of the Atlantic.

Commercial mortgage-backed securities issuance in Europe is gaining traction, with six deals launched so far this year.

Among the past week’s noteworthy items, the owner of the biggest business estate in London’s Docklands raised £900m through its first green bond issuance.

Another major shed portfolio financing this week demonstrates real estate lenders’ sustained appetite for logistics exposure.

Martin McGann, finance director of the UK logistics REIT, says the company’s latest financing diversifies its funding sources and provides long-dated capital.

The head of real estate at the alternative investor explains the rationale behind the €300m green bond financing of one of its portfolio companies.

Among the past week’s most noteworthy items, manager Oaktree emphasised the importance of credit-related deals to its new opportunity fund.

The manager, which was founded by former Deutsche Bank credit and real estate specialists in 2015, has already deployed €330m across seven investments primarily secured against European offices.

Among the key trends highlighted in the past 10 days, lenders to UK real estate are left to ponder their borrowers’ plight following an extension to the ban on tenant evictions.

As retail and office sectors trend toward volatility, the steady returns of sale-and-leaseback strategies are becoming attractive fixed-income substitutes.