Europe

Attendees at June’s PERE Credit 100 launch breakfast briefing heard the need for income is driving capital to real estate credit.

With the manager’s real estate arm set to be acquired by Bridgepoint in a $1.4bn deal, CEO Al Rabil says investors’ changing allocation habits are driving a need to scale.

Alongside Apache Capital, the US manager has secured capital for a Cambridge scheme.

The facility, sourced by adviser Walker & Dunlop, refinances 19 properties in the Netherlands.

A recapitalization plan by the US manager has reached an impasse as a Belgian court considers GH Group’s future.

The UK multifamily deal reflects a bigger push by global real estate credit managers into the European market.

The US firm said H1 has been the most active period for its credit business in the region since its 2020 launch.

Firms which rank among the biggest non-bank lenders to UK real estate are among those contributing to a major stress-testing exercise by the central bank.

The advisory found that 72% of respondents see room to increase originations in 2026.