Europe

LGPS Central, which invests on behalf of local government pension schemes, has allocated to the US manager’s CMI Europe.

The Geneva-based investment adviser is in talks with prospective managers, says founder and CEO Antoine Prudent.

Birmingham-headquartered firm says investors are seeking regionally focused real estate debt strategies.

The US manager provided the loan for a student housing development near the University of Central Florida that will be delivered in two phases.

Andrew Schwartz, the Melbourne-based manager’s co-founder, says Europe’s lending market offers significant scope for growth.

PERE’s editors share the biggest highlights from our newly integrated real estate capital markets service, which launched this week.

The £340m loan on EDGE London Bridge is the UK manager’s largest since establishing its debt platform in 2021.

Swap rates in the UK and eurozone rose on news of a collapse in the ceasefire agreement between US and Iran on July 8.

Credit rating agency KBRA took the action following the latest valuation of the asset.