Robin Marriott
GE Capital has underlined its strategy to ditch real estate investment management in favour of lending as it agrees the purchase of a performing loan portfolio with refinancing possibilities.
The New York-based firm has beaten its $1 billion fundraising target.
The German insurer looks to ramp up its real estate financing program.
The largest US operator of student accommodation has teamed up with Goldman Sachs to buy a portfolio of assets from a collapsed operator for more than £300m.
.jpg "Aalto recruits banking heavy-hitter")
Independent asset manager Aalto Invest has given a boost to its €700 million UK and European real estate lending programme by hiring the man responsible for building up Royal Bank of Scotland into a global property finance powerhouse.
.jpg "Lone Star, Wells Fargo buy €5bn of assets from Commerzbank")
Commerzbank has sold a €1.3bn non-performing loan portfolio to Lone Star Funds and €3.7bn of performing loans to US bank Wells Fargo
.jpg "Pramerica lands £500m Friends Life mandate")
Pramerica Investment Management will manage a £500m separate account investing in senior commercial real estate loans in the UK.
.jpg "TIAA-CREF and Henderson form $19bn property manager")
New ‘powerhouse’ created as The Teachers Insurance and Annuity Association College Retirement Equities Fund combines its Asia and Europe property business with that of Henderson Global Investors. in a $177m deal.
London-based Hermes Real Estate Investment Management led by Chris Taylor has hired a seasoned debt expert for its nascent real estate debt programme.
.jpg "LaSalle, APG close £238m London resi fund")
In a first venture of its kind, LaSalle Investment Management and Dutch pension fund asset manager APG are targeting whole loan development finance for the London residential and UK student housing sectors.