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The UK lender says the deal will allow them to finance a wider pool of property developers looking to deliver housing across the country.
By backing construction schemes, debt providers are carefully considering future demand for real estate, delegates at CREFC Europe’s conference heard last week.
The report, authored by the business school formerly known as Cass, reveals new UK lending dropped 34% to £15.5bn in H1 2020.
The real estate arm of the German insurer recently provided €200m to fund the construction of a low-carbon office complex in the Paris region to be built primarily from wood.
The UK debt fund manager has provided construction finance for Slovakian developer JTRE’s Triptych scheme at a time of scarcer construction finance due to the covid-19 pandemic.
But ‘future-proofed’ schemes should see increased demand, according to the latest CBRE research.
The specialist UK lender is aiming to provide more than £250m in situations where other lenders are struggling to maintain liquidity.
Losses and write-offs on retail debt could reach £10bn, while £22bn of development loans face delays, the latest UK lending market report by Cass Business School predicts.
South Korean investors’ demand for US real estate debt remains robust, but there is a change in the type of preferred debt products
The real estate debt fund manager has financed an apartment development in the wealthy St John’s Wood area.
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