JLL has appointed Chris Gow as head of debt advisory for the firm’s hotels and hospitality division in the EMEA region.
Interest rates have been artificially low for a decade, making cheap debt the norm. With rises seemingly imminent, property lenders should take note but keep their cool.
Allianz Real Estate has provided a €300 million loan to finance ‘Window’, a prime office building in Paris’ La Défense business district.
Blackstone Real Estate Debt Strategies (BREDS) provides development finance for the revamp of St Giles Circus in London’s West End.
UK-based real estate investment manager PMM Group has announced plans to deploy more than £500 million (€571 million) in property loans across the UK and Ireland over the next three years.
German property firm Deutsche Wohnen is planning to raise up to €800 million through the issue of convertible bonds maturing in January 2026.
Real estate activity in the country remains strong on bullish demand for London core assets from overseas players, argued lender panellists at the recent LMA’s Syndicated Loans conference.
CPI Property Group will carry out a €1.25 billion Euro Medium Term Note (EMTN) programme to refinance senior debt and fund further acquisitions and property developments.
French fund manager Zencap AM has raised €240 million for its second property debt fund, a vehicle which will be focused on providing credit to value-add and opportunistic deals.
A conservative approach to lending is favouring real estate finance in core London, which is widening disparities in lending across the UK regions.