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With the multifamily sector still in its infancy in Australia, the Melbourne based manager is seeking A$1bn to lend to first mover developers.
The investment manager has provided its largest UK build-to-rent development loan to date to developer Apache Capital Partners.
The French asset manager will provide development loans and enter new country markets through its third senior real estate lending vehicle, for which it is aiming to raise €400m.
Merchant banking division provides its first multifamily loan in the country to develop Birmingham’s tallest residential building.
Britain is in dire need of residential development. Debt providers can play an important role in supplying the necessary finance.
Modern buildings and offices on Liffey river in Dublin on a bright sunny day
Hines and APG Asset Management have sourced €81m from Wells Fargo for the construction of a built-to-rent scheme in Dublin.
Lenders have growing appetite to back Spanish housing schemes as the sector experiences a robust recovery from the last banking crisis.
The financing of a shopping scheme in the country demonstrates banks’ returning appetite for real estate debt.
The UK property debt specialist has provided £40m of debt financing from its first commingled fund.
The specialist lender will provide loans ranging between £500,000 and £1.5m to schemes that require heavy refurbishment or light development.
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