VENN NAMED EUROPEAN REAL ESTATE DEBT MANAGER OF THE YEAR FOR 2016 AND WINNER OF THE 2016 EUROPEAN RESIDENTIAL FINANCING AWARD
Industry accolades showcase market recognition of the excellence of Venn Partners’ real estate business
Venn Partners (“Venn”), a leading investment manager of real estate and other asset-backed loans, is pleased to announce that the firm has been awarded two highly regarded industry accolades – the Real Estate Debt Manager of the Year in 2016 by Private Debt Investor and the 2016 European Residential Financing Award by Real Estate Capital, both voted on by industry readers.
The European Residential Financing of the Year accolade awarded by Real Estate Capital recognized Venn’s leadership in the private rented sector (PRS) as the exclusive delivery partner to the UK government’s £3.5bn Private Rented Sector Guarantee Scheme.
In November 2016, through its subsidiary, PRS Finance, Venn issued its inaugural £265 million, ten-year bond, priced at a coupon of 1.75 percent. In addition, there is approximately £2 billion of applications from PRS operators that are being considered for approval.
Richard Green, Partner and Licence Manager for the PRS Scheme at Venn Partners, commented:
“There is a chronic under supply of housing in the UK and the government is encouraging the development of more institutionally owned and professionally managed private rented sector. We are delighted to have won the Real Estate Capital’s European Residential Financing of the Year for 2016, which recognises the importance of the PRS bond issuance for the development of the UK PRS sector.”
Created to showcase the lenders, borrowers, advisers and transactions that dominated the headlines in 2016, the Real Estate Capital Awards are independent awards voted on entirely by the industry for the industry.
Venn was also the recipient of the highly sought-after Private Debt Investor European Real Estate Debt Manager of the Year award for 2016, which recognized the firm for its excellence in real estate debt finance.
Paul House, Head of Real Estate and Managing Partner at Venn Partners commented:
“We are honored to have won the Private Debt Investor European Real Estate Debt Manager of the Year Award. Venn Partners has worked since 2013 on providing effective and timely lending solutions to real estate borrowers across a wide range of asset classes. We are grateful for the trust that our investors have placed in us to deliver on £5bn of direct real estate lending across our business.”
The Private Debt Investor Awards are highly regarded industry awards which acknowledge the best firms and deals in the market.