Daniel Cunningham
Daniel Cunningham is Deputy Editor, Europe Editor, Credit at PERE. With more than 20 years of experience covering real estate, he specializes in providing news and analysis of Europe's growing real estate private credit industry. He joined PEI Group in 2015.
Ralf Kind, head of the company’s debt business, says investors are looking for safety by backing lending strategies.
The organisations are among an increasing number of managers choosing the current volatile environment to better establish their European debt businesses.
We predict debt capital to shift towards alternative sectors, lenders to tackle distressed situations and banks to make strategic divestments.
The US firm says Europe’s real estate lenders have staved off a loan crisis with forbearance. But that forbearance will not continue indefinitely.
In stark contrast to the US, Europe’s CMBS loans have largely avoided emergency treatment, according to the London-based firm.
The US manager has backed former Tyndaris real estate boss Clark Coffee’s new venture to capitalize on dislocation in the European lending market.
The US real estate big hitter has struck a deal to take on Swiss manager GAM’s European property debt business.
Following the €435m first close of its latest credit vehicle, the manager’s debt experts discuss fundraising in the time of covid-19.
The Hague-based asset manager is partnering with traditional lenders as it targets medium-term growth of its property debt platform to up to €10bn.
The Canadian giant has hired property finance specialist Martin Farinola to grow its European lending business.