Daniel Cunningham
Shopping centre owners are falling foul of their debt terms, forcing lenders to consider the most effective response
The deal signals the real estate fund management giant’s entry into Europe’s property credit market.
The investment manager’s latest fundraising drive follows the closing of €200m of loans to Blackstone from its third mezzanine debt fund.
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.
Australia’s largest superannuation fund, has entered the European real estate lending market. Real Estate Capital finds out about its plans.
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The firm will deploy the capital in high-yielding, small-ticket loans in UK commercial property.
.jpg "Blackstone to close €2.6bn Finnish mega-financing")
A group of four banks are supporting the investment giant in one of the largest real estate financing deals of recent times.
The real estate debt fund manager is now reinvesting more than £82m that has come back via repayments and borrower cancellations.
The real estate debt fund manager is eyeing a final close of €300 million after attracting further commitments from German investors.
The latest report from investment bank Evercore expects Spain and Portugal to dominate the European loan market in the second half of 2017.