As Donald Trump aims to repeal Dodd-Frank and the Basel Committee tightens its requirements, global banking regulation is in flux.
Pbb Deutsche Pfandbriefbank has provided a €64 million loan to a vehicle managed by AEW Europe to finance a portfolio of business parks located around Paris.
Spanish bank Bankia has made a €180 million portfolio of non-core loans available for sale, according to a report in Spanish newspaper Expansión, Real Estate Capital's sister publication Private Debt Investor reported.
German lender DekaBank is to underwrite a €290 million financing of the purchase of a Paris office tower by a Korean investor consortium, Real Estate Capital understands.
Syndicated commercial real estate lending volumes in the EMEA region were down by almost 40 percent year-on-year in 2016, reflecting reduced deal-flow across the European property markets, the latest figures published by financial data provider Dealogic show.
Opportunistic investors have so far chipped away at Italy’s huge mountain of defaulted real estate debt, but significant portfolios should emerge this year.
Hermes Investment Management has provided a £29 million loan to Thor Equities and Chenavari Investment Management to fund the acquisition of an office and retail building in London’s Soho area, Real Estate Capital can reveal.
US pension fund TIAA and European outlet retail investor NEINVER have sourced a €344 million financing of five outlet retail properties, located in Spain, Italy and Poland, which they recently bought through a joint venture.
Cushman & Wakefield has hired real estate capital markets specialist Ritesh Ramchandani to join the debt and structured finance business which it established last year, Real Estate Capital has learned.
Germany’s Aareal Bank has bought a 20 percent stake in the London-based loan servicing firm Mount Street in a bid to support its real estate syndication activities.