tenant retention in London and the South

r willing to underwrite loans larger than hermes birkin 35£50m. Hermes Real Estate Investment Management Limited (HREIML) is launching the Hermes Real Estate Senior Debt Fund to invest in UK commercial real estate (CRE) loans. through rehabilitation in school would be degraded and they become a burden to their families,” she says. the last year as more and more fund managers have piled into the space. According to Preqin, fund managers are seeking to raise $25bn for debt funds globally, of which $12.4bn will be focused on Europe. pie There are care centres where less severe autistic persons can do some handiwork but that is restricted to only some big cities. And the centres are facing a shortage of social workers who are capable of attending to these people, she says. It is estimated that China has at least 1.5 million autistic persons, while Wen believes the real number is much higher. Authoritative national data is not yet available. Around the world, the number of children diagnosed with

autism is increasing rapidly. The latest US Hermes Garden Partyreport says that 2% of children under 17 in the country have been diagnosed with autism, according to Wen. In 2012, Wen founded Kangnaz-hou, a non-governmental organisation that aims to provide life skill training to older autistic children. “For autistic children, earning a living with dignity is an important step to integrate into society. We need to provide a tolerant and supportive atm According to Hermes, the portfolio will consist of well-structured private loans secured on UK domiciled CRE and overseen by HREIML. Commercial office, retail and industrial real estate classes will be targeted with the aim of providing a diversified portfolio by borrower, number of loans, underlying assets, tenant covenants and loan maturities. The security focus is for high-quality assets with a

strong track-record of tenant retention in London and the South East, with regional transactions in prime metropolitan locations considered opportunistically. Hermes REIM CEO Chris Taylor Hermes Paris Bombay Bagssaid: “The current lending shortfall provides a large pool of transactions with strong risk-return characteristics for us to choose from. The attractiveness of the opportunity is further enhanced by the decline of loan-to-value ratios on already reduced capital values, meaning senior CRE debt compares favourably with similar quality corporate bonds. While our existing commitment to direct real estate investment will remain strong, this move affords a further opportunity to capi