Europe’s largest private real estate deal will involve a €6.8 billion loan, but Chinese banks are likely to be first in line for the €3 billion that will be syndicated.
German real estate lender pbb Deutsche Pfandbriefbank has provided a €87 million loan facility to logistics property firm Industrial Securities.
Berlin Hyp and Postbank have teamed up to provide a €92 million loan for the acquisition of a pan-European car park portfolio for the Bouwfonds European Real Estate Parking Fund III. The lenders, which will contribute equally to the debt facility, have provided a five-year term including an extension option. Berlin Hyp has acted as […]
Spanish bank Banco Popular has entered exclusive talks with Blackstone over the sale of a majority stake in its €30 billion property portfolio, the bank said in a statement released on Monday. Blackstone has agreed to acquire 51 percent of Popular’s portfolio, comprising repossessed assets worth an estimated €18 billion and €12 billion of non-performing […]
Berlin Hyp has underwritten a senior loan of €54 million to finance the Airport Plaza building in Brussels, which was acquired by Canada’s Dream Global REIT for €95.9 million last May. The Canadian investor is in negotiations to place the long-term mortgage financing for a term of up to seven years and an interest rate […]
TH Real Estate has been awarded a mandate to invest in the UK Commercial Real Estate (CRE) debt market by The Korean Teachers’ Credit Union (KTCU). The South Korea retirement fund – with assets of 27 trillion won (€20.5 billion; $24 billion) – is investing in senior loans secured on London office assets. The new […]
German real estate company Grand City Properties has raised €600 million under its €1.5 billion Euro Medium Term Note (EMTN) programme to refinance or repay its existing debt. The notes, with a maturity of nine years and a coupon of 1.375 percent, had a subscription price of 96.82 percent. The issue was three times oversubscribed, […]
Allianz Real Estate has provided a €290 million loan to German pension fund BVK Bayerische Versorgungskammer for the financing of Ireland’s Liffey Valley shopping centre. The insurer acted as sole lender, providing a seven-year fixed-rate loan “at an attractive all-in rate and a conservative LTV”, Allianz said. It declined to provide further details of the […]
Allied Irish Bank has provided a €155 million loan to refinance the Jervis Shopping Centre in Dublin, Real Estate Capital has learned. AIB Real Estate Finance gave the loan to JSC Properties, a company owned by Northern Ireland property developers Padraig Drayne and Paddy McKillen. The retail park was opened in 1996. The seven-year whole […]
Slovenian lender Abanka is selling a portfolio of European non-performing loans (NPLs) with an original value of about €246 million. The country’s third largest bank said the portfolio comprises “well-diversified” non-performing loans against a variety of different companies, the majority of which have real estate assets as their collateral. The sale process, currently in its […]