Insight

BGO writes £104m loan in ‘chronically undersupplied’ Cambridge life sciences sector

The firm provided the construction loan through its UK Secured Lending Fund III.

Vonovia grows investor base with Swiss franc bond

The German residential landlord issued CHF 150m of unsecured notes, shortly after issuing a sterling bond.

HSBC: Worst of the crisis over for European REITs

A recovery for REITs has been helped by loan-to-value ratios remaining more manageable than expected during the crisis, according to the bank’s analysts.

Asset management firm launches to help lenders recoup lost property value

Former Mark Capital executive assembles team of six at new firm Akkord to meet demand for help with problem assets.

Term Sheet: Apollo-financed scheme goes into administration, Alantra wins a capital boost, former MARK executive launches a venture

A luxury London apartment scheme backed by an Apollo loan becomes the latest example of distress in the market; Alantra attracts family office capital to grow its debt platform in a signal of credit’s allure to investors; former MARK executive Mark Gamble aims to help lenders through his new venture; and more in today’s briefing, exclusively for our valued subscribers.

Alantra partners with Spanish family office for debt expansion

Ion Ion has bought a stake in the firm’s credit platform and will seed strategies including for real estate debt.

‘Jingle mail’ should remain a last resort for borrowers

Andrew Coombs, CEO of Sirius Real Estate, argues sponsors should think carefully before handing back keys to lenders.

BGO defies fundraising slump to raise €1.38bn for European credit vehicle

Despite a significant slowdown in fundraising activity last year, the US manager surpassed its target volume.

BaFin chief identifies real estate as top risk to Germany’s financial stability

Mark Branson said lenders will be under pressure as the credit quality of real estate loans continues to decline.

Cain provides €74m loan for Spanish PBSA scheme

The financing for the 585-bed Vita Student project in Madrid is the lender’s first in Spain.