Edmond de Rothschild Real Estate Investment Management (REIM) has raised an initial EUR250 million for its new European real estate debt strategy, focused on providing whole and mezzanine loans as well as preferred equity to investors in the major European markets.
A joint venture between Audley Group (Audley), Schroders Real Estate and Octopus Real Estate, has completed on a GBP47 million development finance facility with Silbury Finance to fund the development of a 74-apartment Audley retirement village in Cobham, Surrey.
Aviva Investors has provided London & Cambridge Properties (LCP) with a £39.9m (€45.4m) refinancing facility.
The global asset management business of Aviva said the senior debt facility, which is provided for a 10-year term on a fixed-rate basis, refinances an existing £29.9m facility and is being made on behalf of the Aviva UK Life Annuity business.
The refinancing is for 17 light industrial assets across southern England and the Midlands, let to over 90 tenants and which carry a weighted average unexpired lease term of approximately 3.75 years.
LendInvest said it has secured the new £500m (€564m) investment from the multinational financial institution in future mortgage originations. The latest investment follows the sale of a £125m mortgage portfolio to JP Morgan in September 2020.
LendInvest said the latest investment further expands its capacity to lend in the UK buy-to-Let market.
JP Morgan joins a number of global financial institutions and institutional investors working with LendInvest, including HSBC, Citigroup and the National Australia Bank.
BentallGreenOak has provided an £80m (€91m) loan to help Apache Capital Partners and Harrison Street finance the construction of a build-to-rent (BTR) scheme in Scotland.
Apache Capital and Harrison Street said they have secured the debt funding to finance the construction of Holland Park on the site of the former Strathclyde Police headquarters in central Glasgow.
Allianz Real Estate, the property arm of global insurer Allianz Group, has seen its European debt portfolio grow to €10.6 bn in assets under management as at the end of 2020, up by around 15% year-on-year.
The firm delivered €1.9 bn in new investments across the year, with capital deployed by its Luxembourg-based European debt fund, Parec, increasing to more than €4 bn, up by a third, the firm said.
Aviva Investors has set aside a billion pounds to finance sustainable real estate investments over the next four years
The £355bn (€385.6bn) global asset management business of insurer Aviva has announced a commitment to originating £1bn in the sustainable transition real estate debt.
Alternative asset manager Cheyne Capital Management (UK) LLP (Cheyne Capital) has provided a EUR96 million senior loan to finance the refurbishment of a large office building in Paris, France.
This investment marks the latest stage in the growth of Cheyne’s French lending platform, which has originated EUR450 million in the past 18 months.
PGIM Real Estate continued to build its European senior loan portfolio in the logistics and industrial sectors, providing financing for three separate portfolios across the UK and Continental Europe, in the fourth quarter of this year.
PGIM Real Estate is the real estate investment and financing business of PGIM, the USD1.4 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
Debt vehicles deliver robust performance. Investors and managers target multi-country and senior debt strategies
17 November 2020, Amsterdam – Non-listed real estate debt products continue to attract attention from institutional investors and investment managers, with a record high of €32 billion raised globally in 2019, according to the INREV Debt Vehicles Universe 2020 study*.