Alicia Villegas
The asset manager has an additional €100m of commitments to its lending vehicle in the pipeline.
The European loan sales market reached new heights last year, with €113.8bn of non-performing loans been sold, according to Evercore.
Azora and Oquendo Capital have launched a property lending platform in Spain, which is expected to raise €300m for its first vehicle.
The French firm has acquired a real estate debt portfolio in the country and a 24-member investment team as it expands its global strategy to deploy capital.
The vehicle has been upsized to £750m on the back of ‘strong’ demand from borrowers, coupled with investors’ appetite, says director Alexandra Lanni.
Apollo’s purchase of a €2.7bn loan portfolio from Bank of Cyprus is expected to reactivate the island’s property market.
Former AgFe executive joins the London-based firm as partner.
The firms aim to address a ‘shortage of debt capital’ in mainstream residential developments with their joint venture vehicle, which has an initial size of £165m.
The firm enters property lending as it aims to exploit the ‘attractive’ alternative the asset class offers to direct equity investment.
The seven-year facility will finance the acquisition of 165 Fleet Street by a Chinese borrower as capital from the continent drives record investment volumes in the sector.