A growing number of investment managers is moving into the real estate debt market as they seek to benefit from attractive lending margins and fill the gap left by retreating banks. Following in the footsteps of the likes of AXA, Allianz, Metlife and M&G, Henderson Global Investors said it is weighing the creation of new debt products later this year following the appointment of John Feeney as head of real estate debt within its secured credit team. 'We are in discussions with potential investors about a fund or segregate mandates,' Andrew Creighton, director of property, told PropertyEU. ‘We may do both.’ He added that he hoped to have something up and running by the third quarter.
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