Daniel Cunningham
The public sector pension fund has bought a portfolio of performing real estate loans with a face value of around £30m.
Starwood to buy £75m mezzanine portion of UK hotel loan 2016-08-11 Daniel Cunningham Starwood’s listed debt vehicle, Starwood European Real Estate Finance Limited (SEREFL), is to buy a £75 million mezzanine loan secured by a portfolio of UK hotels for £73 million, PDI sister title Real Esta
Peer-to-peer real estate lender LendInvest has appointed Stephan Wilcke, the former executive chairman of OneSavings Bank, as senior adviser to its management team.
The non-performing real estate loan portfolio has a combined face value of €4.7 billion.
AEW Europe and Natixis Asset Management have held a €162m first close of their second joint European real estate debt fund, PDI sister publication Real Estate Capital reports.
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Investors have committed £17m to Mayfair's second residential debt fund, which focuses on London zones two to five. The firm plans a second close later this year.
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The country was most active in terms of real estate loan sales volume, in an otherwise weak first quarter, according to a study from Cushman & Wakefield.
The asset management arm of the bank owned by France’s national postal service has reached a €533m first close on two debt funds.
The portfolio which once secured Europe’s first defaulted CMBS has been given a fresh lease of life thanks to a new capital structure.
The portfolio contains real estate loans that were first written to a Cork-based family in Ireland.