Insight

Term Sheet: APG’s Kanters talks real estate debt, Nuveen hires Hansell from Cairn, ING and UniCredit go green in Milan

Patrick Kanters of APG Asset Management discusses debt’s place in the investor’s portfolio; Nuveen hires property credit specialist Peter Hansell from Cairn Capital; ING and UniCredit provide a €130 million green loan in the heart of Milan; and more in today’s briefing, exclusively for our valued subscribers.

Delancey’s Brown: ‘The opportunity is both structural and cyclical’

The UK property investor and developer is entering the lending market at what Lorna Brown, its head of capital markets, considers an opportune time.

Aukera targets larger loans with the launch of its second debt fund

The German property finance boutique says potential club deals between its two credit funds will enable it to provide higher debt volumes per transaction.

Term Sheet: Kinetic secures backing for student housing lending, Tikehau closes its second oppo fund, Barrack pleads not guilty in the US

Kinetic Capital secures backing from StepStone Real Estate for student housing lending; Tikehau Capital exceeds its target as it closes its second opportunistic vehicle; real estate mogul Tom Barrack pleads not guilty to illegal lobbying charges; and more in today’s briefing, exclusively for our valued subscribers.

Tikehau closes special opps fund at €617m

The fund closed above target and with more than four times as much capital as its predecessor.

PGIM Real Estate’s Vuong: We do not anticipate a large amount of distress

The manager’s head of real estate debt investment research argues several factors are drawing investors to the asset class.

Term Sheet: Kennedy Wilson bolsters its European lending strategy, Tyrus Capital launches a new debt fund, European real estate investment looks healthy in Q2

Kennedy Wilson secures a €700m capital commitment for its real estate lending drive; Tyrus Capital launches a third vehicle for its mid-market loans strategy; CBRE figures show a year-on-year improvement in European property investment; and more in today’s briefing, exclusively for our valued subscribers.

Investor appetite for non-listed real estate debt appears insatiable

Iryna Pylypchuk, research specialist at industry body INREV, says demand for real estate credit shows no signs of slowing.

MetLife’s Prince: The Dutch office market has ‘structurally repositioned’

Following an €88m financing in the Netherlands, the US manager’s real estate finance director says the country’s office sector is no longer blighted by oversupply.

DWS: Junior lending will offer attractive risk-adjusted returns during the recovery phase

The Frankfurt-based manager says more caution among banks during the pandemic has created opportunities for subordinated lenders.