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Banker-turned-debt fund manager Jim Blakemore is taking GreenOak Real Estate’s lending business into continental Europe.
How will the real estate lending industry deal with the phasing out of its pricing benchmark?
The German lender has provided a €94m, five-year loan at 65% LTV to finance Rasmala’s purchase of assets including an Amazon distribution hub.
Its populist government is a cause for concern, but real estate market fundamentals make the country worthy of consideration.
Aviva Investors has used capital from three separate lending mandates to provide a £124 million (€141 million) financing to UK property investor Helical, as it continues to expand its range of real estate financing products.
In the wake of the financial crisis, efforts to reform financial markets have had a profound effect on real estate lending.
Economic improvement in the eurozone will underpin a stable year for real estate markets, industry players predict.
The final close of Goldman Sachs’ latest global credit vehicle demonstrates the appeal of property debt to investors seeking access to real estate returns with the benefit of debt’s defensive profile.
Efforts to reform banking will bolster real estate finance markets.
Goldman Sachs has held a final close on its latest real estate credit fund, Broad Street Real Estate Credit Partners III, Real Estate Capital‘s sister publication PERE has learnt.