Paul Yandall
LaSalle Investment Management's Michael Zerda and BlackRock's Rawle are both moving on to new real estate debt roles at different firms.
The London-based residential finance firm plans to add three more people to focus on projects through its new joint venture with hedge fund EJF Capital.
The new European real estate lending team will be led by a new hire, Romain Linot, and launches with a new mandate.
The banks are each lending the Texas-based distressed giant £750 million to support its £2.2 billion mixed loan and real estate portfolio purchase.
Assets on the block in the UK this year include UK Asset Resolution's Project Granite and GE Capital's home loan book.
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The London-headquartered asset manager is extending £13 million towards redevelopment of the Liberty Shopping Centre in Essex.
.jpg?id=12885377720 "Cerberus wins €400m Van Lanschot loan book")
The US distressed asset buyer is said to have paid around 66 percent of par value for the €400 million of Dutch real estate loans.
.jpg?id=12885365783 "Blackstone wins €790m loan book from CaixaBank")
The mainly residential portfolio is mainly backed by assets around Sevile and Malaga in the south, and Barcelona and the capital, Madrid, further north.
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The Royal Bank of Scotland has disposed of £1.7 billion of real estate loans made by its Irish subsidiary, Ulster Bank.
.jpg?id=12885381588 "Record €99bn of debt sales in play, says C&W")
Sellers with assets up for grabs include bad banks UK Asset Resolution and NAMA and commercial lenders Bankia and GE Capital.