Goldman To Sell £190M SFR Portfolio In Test Of Market Appetite
A sale at £190M would represent a 25% profit in two years.
A sale at £190M would represent a 25% profit in two years.
New fund will look for returns of 12%-15%.
Goldman is looking to lend into a market where there is less debt available.
Goldman Sachs says this cycle is far different from any other inflationary period.
The rate of office conversions is still less than 1% and is expected to remain so in the next four years.
Jim Garman is the new global head of real estate for Goldman Sachs Asset Management.
Goldman's new debt fund has surpassed the size of the previous iteration.
Goldman Sachs-backed TopHat is to wind down its modular housing operations and has cited market conditions for the decision.
This follows a default on payments to the CMBS loan originator early last year.
Goldman Sachs and Edge Technologies have secured £340M from Tristan Capital Partners as they look to complete the Edge office complex at London Bridge.
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