Starwood Capital’s listed European property loan fund has provided a €68.5 million senior debt facility to M7 Real Estate’s recently-closed central European fund
Several of Germany’s largest specialist real estate banks either met lending targets during 2016 or surpassed the previous year’s origination totals.
Across many European real estate sectors, prime yields are unlikely to compress much more this cycle. For investors, enhanced return prospects are largely pinned on rental growth in undersupplied markets.
The future of tax relief for interest payments is uncertain, writes Daniel Cunningham
The volume of new lending to European commercial real estate dipped last year, according to CBRE Capital Advisors, but origination levels remain strong, writes Daniel Cunningham
The European property sector decamped to MIPIM last month. Although most were upbeat, caution was the watchword, reports Daniel Cunningham
Gadi Jay and Will Skinner of Blackstone tell Daniel Cunningham how they source the debt behind the firm’s European property deals.
TH Real Estate sourced major loans during late February and March 2017. The firm agreed a £205 million loan from ING and LBBW secured by four prime London offices from the Cityhold Office Partnership at a margin understood to be above 150 basis points.
The latest figures compiled by our data team show there are 27 debt funds with known targets above €100m currently fundraising.
A working group of financiers and investors active in the UK build-to-rent residential sector has been assembled by industry body the Commercial Real Estate Finance Council (CREFC) Europe in a bid to promote greater awareness of the challenges of financing the fledgling sector.