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The bank recorded €1.9bn in fresh CRE business last year, with solid activity in the UK, Spain and the Netherlands also contributing to the 13% year-on-year increase.
The private lender has provided a £53.9m loan to Meadow Partners for a London development.
The specialist lender is targeting double-digit returns in the UK bridge finance market.
Full-year 2017 results show mixed fortunes for Germany’s real estate lenders and most expect a challenging year ahead.
The 10-year debt facility, with a fixed interest rate, will be used to finance the seed portfolio of a vehicle managed by Corestate on behalf of the German pension fund.
With a year to go before the UK’s EU divorce is finalised, its effect on the property debt market is looking complicated.
The German bank wrote €2.2bn in new loans across Poland, Benelux, France and Czech Republic last year.
Goldman Sachs’ merchant bank has closed its largest global real estate credit fund, raising $6.7bn. The bank’s Jim Garman and Richard Spencer explain the advantages that come with size.
European property lending offers strong returns, although risk has increased in some markets, the consultancy’s European Debt Map shows.
London’s Cass Business School has been appointed to take over the influential property lending market report, compiled by Nicole Lux (pictured), which may expand its scope across the continent.