Lucy Scott
Property finance was on the agenda during week one of the 29th session of the Conference of the Parties to the United Nations Framework Convention.
The US manager said it is on the lookout for further growth opportunities.
Speaking at the PERE Network Europe Forum, the CEO and CIO of the asset management giant said Europe’s debt funding crisis is about to intensify.
The loan servicing firm is understood to have appointed Investec to market it to prospective buyers.
European property values will be impacted by the failures at US regional banks, says the consultancy.
A debt funding gap looms across Europe’s property markets. Yet banks and debt funds are well capitalized. Will their funding end up where it is most needed?
The busy conference halls at the Munich event belied a lull in investment activity while the industry awaits stability.
The US manager, which entered the European real estate debt space in 2020, is aiming to bring a long-term source of capital to the market.