CBRE Global Investors Credit Strategies has expanded its team with two new senior appointments.
Meera Sanjee has been appointed as a director in the Loan Operations team. She joins from Santander UK where she was director of Portfolio Management for Structured Real Estate Finance, responsible for the negotiation and execution of high-value complex structured real estate transactions, as well as ongoing management of the portfolio post-closing.
Hanna Danielsen also joins the Loan Operations team as senior associate. She was previously a senior asset manager at Mount Street where she managed a portfolio of circa 25 commercial and residential real estate loans across the UK and Europe.
‘Against a backdrop of uncertainty caused by the pandemic, we have found there is significant demand for lenders who can take a flexible approach and have a high level of understanding of commercial real estate,’ said Emma Huepfl, managing director of CBRE Global Investors Credit Strategies.
CBRE Global Investors Credit Strategies EMEA was established last year following the acquisition of Laxfield Capital. The platform has £1 bn of assets under management.
In the fourth quarter of last year the platform completed £111.3 mln of deals including a £52 mln investment loan to Lifestory Group developer, Anthology, in order to refinance the 150 apartments that remained for sale at the developer’s 195-home Wembley Parade and 316-home Deptford Foundry developments. Both schemes were completed in early 2020 and the majority of homes from the London developer have now been sold.
CBRE Global Investors Credit Strategies also provided a £33.3 mln acquisition facility for a fund advised by Crosstree Real Estate Partners to part finance the off-market purchase of a newly completed 333-bed student accommodation property in Gant’s Hill, East London. The financing will allow Crosstree working with its partner, Outpost Management, to enhance value through the stabilization of the asset and benefit from the expansion of the target student population as UAL and UCL increase their Stratford presence from 2022.
