Daniel Cunningham
%2080.jpg?id=19327374295 "Venn issues first PRS bond")
The real estate debt lender has issued the first bond from the UK government-backed PRS guarantee scheme. It is aiming to raise a total of £265m through the issuance.
The independent real estate debt manager has completed 15 deals in 2016, including financing residential real estate projects in Manchester, London and Birmingham.
The public sector pension fund has bought a portfolio of performing real estate loans with a face value of around £30m.
Starwood to buy £75m mezzanine portion of UK hotel loan 2016-08-11 Daniel Cunningham Starwood’s listed debt vehicle, Starwood European Real Estate Finance Limited (SEREFL), is to buy a £75 million mezzanine loan secured by a portfolio of UK hotels for £73 million, PDI sister title Real Esta
Peer-to-peer real estate lender LendInvest has appointed Stephan Wilcke, the former executive chairman of OneSavings Bank, as senior adviser to its management team.
The non-performing real estate loan portfolio has a combined face value of €4.7 billion.
AEW Europe and Natixis Asset Management have held a €162m first close of their second joint European real estate debt fund, PDI sister publication Real Estate Capital reports.
%2080.jpg "Mayfair avoids Central London with second resi fund")
Investors have committed £17m to Mayfair's second residential debt fund, which focuses on London zones two to five. The firm plans a second close later this year.
.jpg?id=12885377997 "Spain shines in slow Q1 for European real estate sales")
The country was most active in terms of real estate loan sales volume, in an otherwise weak first quarter, according to a study from Cushman & Wakefield.
The asset management arm of the bank owned by France’s national postal service has reached a €533m first close on two debt funds.