Charlotte D'Souza
Real estate debt fundraising is soaring, as per PERE’s 2023 ranking of the 50 largest credit fundraisers. But the firms wielding the most firepower these days will surprise you.
The Augsburg, Germany-based firm will now be run by DWS's former CEO, who resigned last year in the wake of greenwashing allegations.
Another year of growth for the 50 biggest debt capital raisers belies the slowdown in wider real estate fundraising.
As price discovery prevails, the €36.5bn total represents the lowest quarterly volume since Q2 2012, according to MSCI Real Assets.
Buyers say competition for deals is heating up amid sharper value declines and prices potentially bottoming out in some sectors.
The Stockholm-based manager aims to broaden its client base and evolve its product offerings with the hire of a former JLL managing director.
The 'irreplaceable' Westin Paris is now wholly owned by Henderson Park's former joint venture partner, Dubai Holding.
Troubles in the banking sector are expected to put further downward pressure on office pricing over the next two quarters, said appraisers.
Investors are still in the dark over real estate values, but there are several reasons why the industry may be back in business before long.
The Italian asset manager has also partnered with a consortium of housing co-operatives to boost social housing development across the country.