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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.
Dale Lattanzio, managing partner for DRC Capital, talks with Real Estate Capital about the prospects and trends for 2018.
Select Property Group has sourced a £108.9 million (€123 million) loan from a club of lenders to fund the development of a build-to-rent scheme in Manchester.
The bank stalwart will head its CRE financing division, replacing Thorsten Schönenberger, who was made director of real estate and project finance in July last year.
Societe Generale and HSBC have financed the Generator Hostels portfolio recently acquired by real estate fund manager Queensgate Investments with a €215 million loan.
Lloyds Bank has written an £82 million (€92 million) whole loan to developer Ballymore to bring forward an office building at Embassy Gardens, its regeneration project close to the site of the new US embassy in London’s Nine Elms.
Whether by geography, sector or product, real estate finance providers are broadening their scope. Alternative lenders, particularly, are set to benefit from the drive to diversify.
Münchener Hypothekenbank has hired Thomas Völker as head of commercial real estate international clients in order to boost the German bank’s international presence.