The UK government’s plan to fix the country’s housing crisis contains some nuggets for lenders, but has failed to generate much excitement.
ASK Property Investment Advisors, the private equity arm of Indian financial group ASK, has launched a INR2 billion special situations fund in the residential real estate market.
The improvement in the credit environment is putting Chinese real estate developers in a better position to secure funding, but potential risk factors continue to exist, especially for smaller developers, according to a CBRE report.
US fund giant Invesco has provided an A$150 million ($113 million; € 101 million) senior secured loan to AMP Capital to finance a high-rise residential project in Australia.
Indiabulls Alternative Investments is set to launch a Rs1000 ($150 million) realty fund from non-resident Indian (NRI) investors.
Over the last two years, the likes of Venn, M3 Capital Partners, Prudential Financial, M&G and Legal & General have been allocating large sums to the build-to-let market.
Real estate debt manager Venn Partners has launched a new Dutch-focused mortgage lender and is seeking to lend €2 billion to residential buyers by 2018.
There will be no let-up in capital flowing into European real estate this year, according to Emerging Trends in Real Estate Europe, the annual forecast jointly published by the Urban Land Institute (ULI) and PwC.
The report – based on surveys and interviews with more than 500 European industry players – found 70% of respondents expect more equity and debt will flow into their markets this year. “It is easier to get capital than to find good deals,” said one.
RBS sued for pulling residential scheme funding
Lenders back wave of apartment towers as prices reach new highs, reports Al Barbarino
After clinging to a development site at 50 West Street in Downtown Manhattan for nearly three decades, in August 2013 Time Equities founder Francis Greenburger landed a $400m financing package to jump-start the 63-storey, 200-unit luxury condominium scheme 50 West.
The pipeline for New York condo finance began to open up in mid 2013 as the city’s economy continued to grow. At the time only a few privileged sponsors had obtained big financing packages on condo schemes.
“For most people who needed a construction loan, there just weren’t any,” Greenburger recalls. “The opening up of that market was pivotal for us.”