Alicia Villegas
The servicer has appointed the former Mount Street managing partner as it seeks to capitalise on opportunities arising from the emergence of non-bank lending and construction loans.
The rising popularity of real estate debt generates M&A opportunities, but the lack of independent debt fund businesses limits the scope for consolidation.
Cheyne’s latest vehicle is 80% invested with a greater focus on senior debt funds.
Former AgFe executive joins the London-based firm as partner.
The firm and partner Urban Exposure aim to address a ‘shortage of debt capital’ in mainstream residential developments with their joint venture vehicle, which has an initial size of £165m.
The firm enters property lending as it aims to exploit the ‘attractive’ alternative the asset class offers to direct equity investment.
The London-based firm is launching a lending division for the industrial sector, targeting an ‘undersupply’ of finance outside the prime markets.
DekaBank and pbb provide a €117.3m loan for three prime industrial facilities in Germany as local banks continue to benefit from burgeoning institutional investment.
Deleveraging of non-core European real estate debt was 60% higher in H1 2017, year-on-year, according to Evercore.
Soaring values and investment volumes should give investors pause for thought, but European logistics fundamentals remain solid for now.
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