Insight

Term Sheet: Lone Star returns to UK hotels as a lender, Incus Capital prepares its next credit fund, private real estate’s most influential women recognised

Lone Star makes its return to the UK hotels market with a £100 million-plus loan; Madrid-based Incus Capital targets a new €500 million credit fund with real estate debt in the remit; the private real estate industry’s most influential women are recognised; and more in today’s briefing, exclusively for our valued subscribers.

Incus preps €500m fourth asset-backed credit fund launch

The Madrid-based mid-market lender aims to invest around a third of the vehicle’s capital in real estate credit opportunities.

Why ICG put £87m of green finance behind Tristan’s UK office campus deal

The debt fund manager’s head of senior debt said Tristan Capital Partners’ plans to future-proof Reading International Business Park convinced it to back the project.

Lone Star re-enters UK hotel market – this time as a lender

The US private equity firm, which sold its last remaining UK hotels in 2018, has written a £100m-plus loan against a portfolio of Hiltons.

Inside Apollo’s €435m financing of Tristan’s largest acquisition to date

Ali Otmar of Tristan Capital Partners and Ben Eppley of Apollo Global Management discuss a transaction, which Otmar says required the ‘extreme end of flexibility’.

Term Sheet: Apollo targets Italy’s NPLs, AXA opts for a green bond, banks securitise Brookfield’s UK retail parks debt

Apollo enters an agreement to target distressed Italian property loans; AXA issues a €500 million green bond for its open-ended core fund; Bank of America and Morgan Stanley launch a CMBS for Brookfield’s retail park portfolio; and more in today’s briefing, exclusively for our valued subscribers.

Why Cain put £170m of debt behind the last stage of Ballymore’s ‘new town within London’

The private investor argues the residential scheme at the UK capital’s Royal Docks is designed to be within financial reach of ‘average’ Londoners.

What is prompting lenders to pile into senior living?

The significant growth potential of UK retirement living, with demand driven by a rapidly ageing population, is drawing lenders to the sector.

How lenders are rethinking offices

Panellists at CREFC Europe’s conference on offices say lenders are factoring in capex programmes and shorter leases when underwriting properties.

Term Sheet: AEW targets debt platform growth, Apollo explains its backing of Tristan’s German deal, the BPF urges an end to the UK eviction ban

AEW discusses its plans to double its European debt portfolio; Apollo’s Epply explains why his firm backed Tristan’s German portfolio play; the British Property Federation says the UK commercial tenant eviction moratorium must end; and more in today’s briefing, exclusively for our valued subscribers.