After the announced stoppage of all new property lending ordered by Germany’s Commerzbank for its Eurohypo unit, other European banks are likely to curtail lending, making this a major challenge for 2012, a PIE panel at Mapic heard.
GLOBAL – Debt will become the new core as pension funds and insurers transfer their special situations allocations to new asset sub-classes such as debt, according to Dale Lattanzio, managing director of real estate private equity firm Duet.
Duet raises more than £300m for European Real Estate Debt Fund; announces 2011’s largest European mezzanine financing – £80m for The Blackstone Group.
Duet is pleased to announce further progress in deploying capital through the growth of the investment portfolio of the European Real Estate Debt Fund.
This report examines the UK Senior Lending Market in terms of the market’s lending appetite and parameters. Of the 356 institutions with banking licence present in the UK (according to the FSA’s regulatory list), 113 have a commercial real estate loan book. This report has been compiled by CBRE’s Debt Advisory team to monitor the capacity of the UK senior lending market.
Duet’s new mezzanine fund is hoping to tap into the huge market between senior debt and equity. Paul Norman meets the team from Duet. Portraits by Marcus Rose.
Duet announces £75 million second close for its European Real Estate Debt Fund – set up to capitalise on the lack of capital available to finance European Commercial Real Estate.
Duet Real Estate Finance Limited is pleased to announce that the Company has raised £50 million at a price of 100 pence per Ordinary Share through the Placing and the Offer for Subscription. This is significantly in excess of the minimum target and the IPO generated interest from a range of investors.