Europe

Patron expands into real estate debt with strategic hire

The firm is aiming to raise as much as €700m in the next two years for its first dedicated credit strategy.

Zerda’s second stint at LaSalle comes to an end

The head of debt and value-add strategies for Europe has left the firm after four years.

Kennedy Wilson and AXA IM Alts secure $510m Irish resi refinancing

Wells Fargo and Deutsche Bank were the chosen lenders while 30 debt providers proposed competitive terms.

Blackstone lines up European head of real estate debt as Steve Plavin retires

David Gorleku, currently head of originations for BREDS Europe, will step into the role in July.

Redevco makes appointments as it aims to grow its debt platform

A property lending industry veteran will serve as a senior adviser to the firm’s recently formed credit business.

‘Liberation day’ tariffs knock real estate finance market confidence

Market sources predict further slowdown amid uncertainty, although ‘knee-jerk’ reactions are not expected.

Barings partners with public sector bodies in £97m development financing

The manager has sourced financing from public sector funding partners for a residential scheme in Leeds.

Citypoint bids were £85m below outstanding debt, document reveals

A proposal to restructure £460m of debt secured by the London property shows Brookfield would not have recouped enough from a sale.

Redevco’s debt platform issues first £47.5m loan

The debut financing, secured against a London office development, supports the firm’s strategy to finance transitional assets.