United Kingdom

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.

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

Leumi UK provided the financing to help grow the JV’s Concreit platform.

The region’s institutional equity markets are reasonably transparent. The private debt markets must follow suit.

The firm aims to grow the fund to $2bn as it expands institutional investor relationships and ABF market presence.

Analysis by CREFi, a real estate debt data platform, attributes the growth to the expansion of non-bank lenders.

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

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.