Eugenia Jimenez
The capital would help to fuel the growth of the pan-European business from €500m to €2bn in assets over the next two to three years.
Real estate managers are addressing the need for hospital space, testing sites, and medical supply storage as they consider their own longer-term social impact.
The specialist UK lender is aiming to provide more than £250m in situations where other lenders are struggling to maintain liquidity.
The investor believes the pandemic’s impact on its five Dutch sector portfolios this year will range from ‘severe’ on its Hotel Fund to ‘limited’ on its Residential Fund.
Transactions fell out of contract in March at three times the normal monthly rate, according to RCA.
Losses and write-offs on retail debt could reach £10bn, while £22bn of development loans face delays, the latest UK lending market report by Cass Business School predicts.
Hines, which recently acquired a green apartment portfolio in Denmark, sees ESG investing as a form of ‘future-proofing’ during times of crisis.
The Dutch pension fund was a first-time investor with the Boston-based private equity real estate firm, which raised 25% of the vehicle’s capital from Europe.
The New York-based manager’s €9.8bn closing for its BREP Europe VI fund sees it stay equity-rich as new opportunities emerge from the crisis.