KFIM posts £1bn AUM total
Knight Frank Investment Management has more than doubled its assets under management in the past three years to £1bn. The firm said more property allocations by existing clients had been bolstered by instructions from new Middle Eastern and European clients.
Deka invests in sister’s debt
Deka’s debt fund has taken a £10m tranche of its sister company’s loan secured against 50 Bank Street, E14. Deka Realkredit Klassik, part of the fund management arm of Deka, took a tranche of the £92m of debt arranged by the UK office of the banking giant.
BMO Euro fund raises €150m
BMO Real Estate Partners has secured €150m (£108m) of investment for its pan-European investment strategy. The vehicle, backed by German institutional investors, will invest in core and core-plus high street shops across major European cities.
Cerberus extracts Arrow
Cerberus has emerged as the winning bidder for Project Arrow, Nama’s latest loan portfolio. The US private equity firm won with a bid of £800m. The loans have a face value of €7.2bn (£5.1bn). Apollo Global Management was underbidder.
L&G buys Hyde loan
Legal & General has bought a £150m loan to the Hyde Group from Santander. It is L&G’s first purchase of an existing housing association loan but its third to Hyde. The loan matures in 2041.
