The chairman of the EBA has urged the creation of an EU-wide ‘bad bank’ to deal with Europe’s toxic loans, but the suggestion begs many questions.
Pbb Deutsche Pfandbriefbank has provided a £35 million loan to Benson Elliot Capital Management to finance the acquisition of Slough Retail Park in the UK.
CBRE Global Investors has agreed a €108 million financing of a Czech market acquisition with pbb Deutsche Pfandbriefbank.
ICG-Longbow has provided a £16 million loan through its listed senior UK debt fund to clients of BMO Real Estate Partners, following the repayment of two loans to the fund, according to Real Estate Capital's sister title, Private Debt Investor.
Germany’s pbb Deutsche Pfandbriefbank (pbb) has provided a €170 million loan to finance the acquisition of a Berlin mixed-use complex.
Germany’s HSH Nordbank has sold a real estate loan portfolio with a face value of €540 million to Bank of America Merrill Lynch as part of a wider €1.64 billion sale of its non-performing exposure.
If 2016 was the year the table was turned over, 2017 is the year when the pieces need to be picked up.
The country’s real estate debt specialists remain sanguine despite gathering clouds in the local banking sector, writes Daniel Cunningham.
Unlike most pension fund lenders, CPP Investment Board aims to take more risk for more return. Daniel Cunningham meets the European private real estate debt team.
The year-end 2016 and early 2017 period saw a clutch of significant financing deals closed in the UK market.