Macquarie Group is planning to ramp up its European real estate lending activities in 2013 with a view to growing its €500 mln loan book.
Macquarie Group is planning to ramp up its European real estate lending activities in 2013 with a view to growing its €500 mln loan book.
The Australian diversified financial services firm Macquarie Group entered the European lending space in 2010 and sees more opportunities, Adam Joseph and Peter Vega, managing directors of European real estate lending at Macquarie Group in London, told PropertyEU.
The news follows a deal earlier this year involving Macquarie Group acquiring a package of 700 German residential mortgages with a face value of €90 mln from the Royal Bank of Scotland.
The Australian bank said the deal represented its first foray into German residential lending, describing it as an attractive sector due to strong borrower covenants, stable regulatory environment and steady property prices. The portfolio was acquired through Macquarie's corporate and asset finance division.
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