David Hatcher
The UK-based multinational insurer is hiring to boost its large real estate lending platform.
The new European fund will expand the asset manager's real estate strategy beyond the UK, where its first fund was exclusively targetted.
The fund is structured as a spezialfond and will invest in debt with loan to value levels of up to 60%.
.jpg "Aviva sells and refinances £503m portfolio")
Aviva Commercial Real Estate Finance has sold a distressed UK portfolio for £503m to Kennedy Wilson Europe Real Estate.
The Bank of England’s stress testing of the UK banking system has exposed The Co-operative Bank, Lloyds Banking Group and Nationwide’s real estate loan books as being the most volatile in the case of a severe economic downturn.
.jpg "AgFe raises £545m for second UK senior debt fund")
The fund can invest in residential investment property as well as commercial real estate.
The Shariah-compliant bank has raised $100m for mezzanine debt investment in European real estate.
A 30-year loan will be used to develop 260 new homes by a North London housing association.
The Dallas-headquartered private equity firm has bought part of an Ulster Bank loan portfolio for about €390m.
.jpg "Apollo continues European mezzanine drive")
The New York-headquartered credit specialist has bought £39m of junior debt in a London real estate transaction.