The former head of real estate banking at NM Rothschild, Andrew Radkiewicz, is launching a UK-listed investment company focused on debt finance for European property, in the latest attempt to exploit the retreat of commercial banks from the sector.

There have been a number of private equity and unlisted fund launches in recent months but Rocksburgh Capital will be the first listed vehicle focused on the mezzanine debt market since the property boom ended last summer.