Eugenia Jimenez

The pricing of the US manager’s latest debt facility is tied to performance measures, including its success in making its portfolio company boards more diverse.

NatWest’s expected sale of a portfolio of non-performing loans to a joint venture between equity firm Attestor Capital and retail property specialist Ellandi is the first significant UK NPL sale in the wake of the pandemic, market participants say.

The real estate manager has hired Isabelle Brennan from M&G and Michelle Liu from CIT to expand its debt platforms on both sides of the Atlantic.

Martin McGann, finance director of the UK logistics REIT, says the company’s latest financing diversifies its funding sources and provides long-dated capital.

Investors committed around $5bn of capital to Blackstone Real Estate Debt Strategies IV after the end of Q1 2020.