London, 13 August 2012
Macquarie Real Estate Lending, part of Macquarie’s Corporate Asset Finance Group, is gaining momentum in the European real estate finance sector, with two deals funded in the past month. The European real estate lending team has now closed a total of five transactions since it was founded just 18 months ago.
Macquarie in the past month was the sole funder of an innovative stretched senior financing of a portfolio of 96 London residential flats and houses. Speed was vital in this deal with transaction documents signed within two weeks of agreeing a term sheet and funds were released just one week later.
Macquarie also participated in the recently syndicated senior loans of the Valad EHI High Income Fund. These are secured against 60 light industrial portfolios located in France, Belgium and the Netherlands with a total lettable area of 730,000 square metres. Macquarie was able to offer the underwriting bank speed of execution and transaction certainty.
Macquarie Real Estate Lending provides bespoke finance solutions to companies operating across the full real estate spectrum including residential, retail, light industrial, data centres, office and hotels.
Adam Joseph, Managing Director of European real estate lending said: “The growth of our real estate lending business in Europe is very exciting. We are seeing an increasing level of interest from clients who are seeking a financing solution that is beyond the scope of traditional real estate banking options. Given our broad investment mandate, we are able to develop financial structures tailored to the specific needs of the transaction and provide our clients with the flexibility and certainty they require.”