Insight

Kennedy Wilson expands debt business with $700m European partnership

The US real estate investment firm has established a new credit platform with an institutional investor to target European lending opportunities.

Tyrus targets up to €400m for new real estate debt fund

The Monaco and London-based manager is understood to have begun fundraising for its third property lending vehicle.

Term Sheet: Lenders back repositioning projects, Cerberus snaps up Spain’s Jaguar portfolio, and Goldman loses a long-time real estate credit executive

Berlin Hyp and BentallGreenOak back repositioning projects in Amsterdam and London; Cerberus acquires Spain’s biggest distressed portfolio of the covid era; credit veteran Peter Weidman leaves Goldman Sachs; and more in today’s briefing, exclusively for our valued subscribers.

How living sectors could outpace other mainstream real estate in a decade

So-called ‘beds for rent’ sectors in the UK are becoming a preferred allocation choice for investors over offices and retail, according to findings published by Investec.

Aberdeen Standard to offer sustainability-oriented margin discounts to incentivise capex

The UK manager plans to apply a new lending framework to all its real estate loans, starting with a soon-to-be-launched debt fund.

FAP Invest: Investors are finding lower-risk mezz opportunities in Germany

Hanno Kowalski, managing partner of the Berlin-based debt provider, says demand for junior loans against core assets means mezzanine lenders, and their investors, are taking less risk.

Term Sheet: Morgan Stanley launches London office CMBS, Aviva provides £276m sustainable loan to Bruntwood, Cain sources €100m for its German debut

US lender Morgan Stanley launches a securitisation of a loan backing London’s Aldgate Tower; Aviva provides a £276 million (€323 million) sustainable loan to UK landlord Bruntwood; Cain International and FREO Group source €100 million of bank debt for their Munich development; and more in today’s briefing, exclusively for our valued subscribers.

Post-covid appetite for offices plunges

The latest real estate institutional investor survey by placement agent Probitas Partners demonstrates tumbling appetite for office investments and competition fears.

ING’s Bravo: ‘Transactions of this size and quality are not common in Spain’

The bank’s head of real estate for Iberia says the high quality of the Montepino Spanish logistics portfolio acquired by Bankinter Investment convinced it to provide a €470m loan.

Deloitte targets real estate debt advisory growth following Holmes hire

The UK consultancy appointed former JLL and CAPRA property credit specialist Chris Holmes to spearhead a new branch of its debt advisory business.