Alicia Villegas
French fund manager Amundi is aiming to build on its track record in real estate investment by entering the property lending market.
The European CMBS market has worked on a slow burn this year even by its own standards, with the first public deal creeping in just weeks before the end of 2017.
German bank pbb Deutsche Pfandbriefbank has provided a €140 million loan to local developer Gerchgroup to fund a land acquisition in Cologne, Germany.
Deutsche Hypo’s purchase by one of its rival real estate lenders could prove a canny move.
UK-based property company Regional REIT has signed a £165 million (€188 million) secured loan with Scottish Widows, through its partnership with Lloyds Bank’s Bank of Scotland, and Aviva Investors.
Poland’s Bank Pekao has written a €200 million loan to refinance the Galeria Północna retail park in Warsaw.
LBBW, Aareal and pbb have reportedly submitted offers to buy the German mortgage bank, with a final decision on its sale due in January.
DRC Capital has closed its third mezzanine and whole loan fund on £600 million (€682 million).
Lloyds Bank Commercial Banking, through its partnership with group insurer Scottish Widows, has provided a £40 million loan (€45.27 million) to UK real estate investment trust LXi REIT.
Aviva Investors has written a £54.16 million (€61.44 million) loan to refinance the acquisition of four retail warehouse parks by UK REIT Ediston Property Investment Company (EPIC).