Daniel Cunningham
Daniel Cunningham is Deputy Editor, Europe Editor, Credit at PERE. With more than 20 years of experience covering real estate, he specializes in providing news and analysis of Europe's growing real estate private credit industry. He joined PEI Group in 2015.
The facility, sourced by adviser Walker & Dunlop, refinances 19 properties in the Netherlands.
The US firm said H1 has been the most active period for its credit business in the region since its 2020 launch.
The region offers opportunity for managers like the Australian firm, but success demands local expertise.
The Melbourne-based manager has added a European platform through the purchase of the mid-market lender.
The survey showed a sharp drop in sentiment index scores compared with the previous quarter.
Investors that better understand the asset class and an expanding global footprint are signs of maturation.
Covenants, hedging and prepayment are areas of focus in loan discussions, the adviser said at a London presentation.
Real estate private credit has worldwide scope today, says Tim Johnson. But Blackstone’s global head of real estate debt tells PERE Credit that does not make it straightforward.
From Monday, our coverage of Europe’s property debt market will form a crucial part of PEI Group’s global real estate private credit brand.
The manager’s CEO described the refinancing of the Four Seasons Madrid as transformational for the firm.