The US manager has backed the launch of a new lending business by former Man Group and Octopus Real Estate executives to capitalize on the UK’s residential financing gap.
Strong investor demand and less stringent national lockdown measures have supported the country’s real estate sector, says the Stockholm-based firm’s debt boss, Pontus Sundin.
By backing construction schemes, debt providers are carefully considering future demand for real estate, delegates at CREFC Europe’s conference heard last week.
The vehicle’s limited partners, including Azora and BNP Paribas Real Estate, are betting on technology to help them become better property investors.
The property investment arm of German insurer Allianz has acquired two office buildings in Paris as a demonstration of its ongoing confidence in what many regard as a highly uncertain sector.
The London-based manager has decided a market boasting 7% yields is worth buying into, despite its high vacancy rate and today’s general uncertainty towards the sector.