Senior debt

The manager is seeking €500m equity from European institutional investors.

The US manager will include UK offices in the lending strategy of its incoming £1.4bn debt fund.

The German lender reported a 54% profit increase despite being forced to take a write-down due to Russian counter sanctions.

Two of the biggest names in private real estate were engaged in conversations with their lenders about loans that are now due.

The UK’s fast-changing political and economic landscape, however, could mean fundraising may slow down in the months ahead. 

The firm, which has hired two executives from Cheyne Capital to lead the business, sees opportunities arising from ‘a wall of refinancing’.

The busy conference halls at the Munich event belied a lull in investment activity while the industry awaits stability.

European commercial real estate investment activity was subdued in the first half of 2019. CBRE data show overall volumes were down 19 percent in H1 2019, year-on-year, to €120 billion. However, debt markets remained relatively active, with refinancing deals supplementing acquisition financing transactions. CBRE’s European Debt Map for Q2 2019 showed that in nine out […]

Patrick Walcher has taken the helm at LBBW’s restructured property lending business. Daniel Cunningham talks to him about his plans.