Insight

Invel finds opportunity in Greek property debt

The southeast Europe-focused investment manager has closed a €55m non-performing loan deal in Greece and provided fresh capital to a hospitality owner in the country.

FAP: German mezzanine tickets are getting larger

The latest research by the Berlin-based advisory firm shows subordinated lenders are benefiting from German banks’ increased caution.

Alantra raises €132m to target Spain’s real estate financing gaps

The Madrid-based manager is aiming to deploy around 60% of its debt fund in small-to-medium sized loans in its home country, with the remainder targeted further afield.

Term Sheet: German banks make green commitments, Henderson Park and Apollo show faith in UK and Ireland hotels, Bayes report reveals a strong H1 for lending

Two of Germany’s major property lenders, pbb Deutsche Pfandbriefbank and Berlin Hyp, make public their measures to promote sustainability; Henderson Park, with finance from Apollo, takes a bet on the UK and Ireland hospitality recovery; the latest Bayes report shows lenders in the UK made up for a slow 2020 during the first half of 2021; and more in today’s briefing, exclusively for our valued subscribers.

A new name for Real Estate Capital – and a new US title

It’s a red-letter day for Real Estate Capital as a new name is unveiled and our affiliate title, Real Estate Capital USA, is launched online.

KKR dives deeper into US lending, grows individual investor base

KKR’s Matt Salem on how the firm is diving deeper into the US lending and growing its retail base.

Why Alecta backed one of Europe’s biggest real estate deals

The Swedish pension plan has committed a total of €3.8bn to date as the most sizable investor in the region’s second-largest residential company.

Term Sheet: The first post-crisis CRE CLO for Europe, Evergrande contagion fears grow, SCOR focuses on sustainability for its latest debt fund

Loans originated by Starz Real Estate are to be securitised in Europe’s first post-crisis CRE CLO; Missed debt payments at two Chinese development firms spark fears of a spread of the Evergrande crisis; France’s SCOR Investment Partners says sustainability is crucial to delivering for investors in its €629 million latest debt fund; and more in today’s briefing, exclusively for our valued subscribers.

Why a strong business plan convinced Tristan to write its first UK retail park loan

Dan Pottorff, the manager’s head of debt investment, says Invesco’s determination to make the Birmingham asset more valuable over time was key to its decision to fund the project.

Investec sees opportunities, and challenges, in financing modular construction

After underwriting a modular construction project for the first time, the bank says the building method can be efficient and sustainable but comes with specific lending risks.