Following Santander’s rescue of Banco Popular, its JV deal with Blackstone to tackle €30bn of distressed real estate assets could prove a success story for both the bank and the private equity real estate giant.

Germany’s pbb Deutsche Pfandbriefbank has provided a €66 million loan to Reico and a €51 million debt facility to BlackRock.

German mortgage bank Berlin Hyp reported a new lending volume of €3.1 billion in the first half of 2017, which represents a 6.89 percent increase year-on-year.

Tunstall Real Estate Asset Management has raised €55 million at the first closing of its new Netherlands-focused discounted pay-off debt fund.

The New York-based firm will finance the deal mostly through debt as it uses equity from its €7.8 billion Europe V fund.

Lloyds Bank Commercial Banking has confirmed the appointment of Madeleine McDougall as its new head of commercial real estate.

Amicus Property Finance, the short-term property lender, has announced its largest monthly lending volume since it launched in 2009, with £72 million (€79 million) written during July.

M&G Investments has completed a deal to refinance £230 million (€254 million) of debt for Northern Trust, the Midlands and north of England investor and developer.

Investec Structured Property Finance committed to provide more than £400 million (€442 million) in senior loan facilities in the first half of 2017.

Hungary's OTP Bank, its Bulgarian subsidiary DSK Bank and Germany’s Postbank have provided a €133 million senior loan to refinance the Business Park Sofia (BPS) in Bulgaria.