Alicia Villegas
The asset management firm has raised €250m for its maiden property debt fund and has deployed €180m across six loans in France, the Netherlands, Spain and Italy.
Madeleine McDougall (pictured), the UK bank’s real estate boss since 2017, will share responsibilities with Andy Hulme in a move designed to improve work-life balance.
The Italian insurer is planning to open the platform to third-party investors and raise an additional €500m over the next two years.
The French asset manager will provide development loans and enter new country markets through its third senior real estate lending vehicle, for which it is aiming to raise €400m.
Property values are falling, forcing lenders to question their exposure to the sector.
Property lenders are proving keen to finance investors’ growing interest in various types of accommodation.
Fund will follow the same strategy as the joint venture’s second vehicle, with the aim of building a diversified pan-European portfolio of loans across real estate asset classes.
The real estate investor has backed the recently launched Hilltop, which aims to lend £125m to SME developers over the next 12 months.
Spain’s ‘bad bank’ will not put large portfolios of toxic assets up for sale, despite high demand from investors. This refusal might be unnecessary.
With high levels of property debt liquidity across Europe, opportunities where competition is less fierce are becoming more appealing, MIPIM attendees told PERE sister publication Real Estate Capital in Cannes.