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Oaktree’s substantial deployment of its latest property fund is not indicative of dealflow in the market overall, but rather that it is ahead of the pack.
The London-based asset manager, which has a special situations background, is raising for a senior property loans strategy.
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.
Tony Guthrie, a property receiver with consultancy Gerald Eve, says lenders in the UK are unlikely to enforce loans during the extended eviction moratorium, but that they need to be ready for its end.
In a busy start to March, a UK leisure platform attracted £1.8bn of finance, banks re-upped on a London office tower loan and sponsors demanded speculative logistics debt.
Lenders argue the often-overlooked G of ESG should be fundamental to all aspects of sustainability.
Loan facility will fund the development of 120 apartments and houses in the new eco-village.
Property lenders are considering how to incorporate the S of ESG into loan deals.
Pandemic-induced uncertainty dented property financing activity last year. But the achievements of our awards winners demonstrate that many remained focused on credit matters.