The UK’s decision to leave the European Union has curtailed both investment and lending activity, although deals have continued to be closed during late June, July and August.
BayernLB has provided a €72 million loan to a fund managed by Triuva, formerly known as IVG Institutional Funds, to finance the purchase of two office buildings in Germany.
Commercial real estate loan portfolios with an aggregate face value of €21.6 billion were traded across Europe during the first half of 2016, according to new research published by Deloitte.
Pbb Deutsche Pfandbriefbank (pbb) has provided a €59 million loan to the European residential fund of US real estate investor Heitman to refinance a German portfolio.
Deutsche Hypothekenbank (Deutsche Hypo) increased its new real estate finance business to €1.8 billion during the first half of 2016, as chairman Andreas Pohl (pictured) said the bank was on target to meet its targets for the year.
Anil Khera has left his role as a managing director in Blackstone’s real estate group in order to launch a private rented sector (PRS) development business.
German landesbank Helaba wrote €4.9 billion of new business through its real estate segment during the first half of 2016, a drop of 6 percent from the same period last year.
The European syndicated real estate loan market had its weakest first half of a year since 2013 during H1 2016, according to new figures compiled by financial data provider Dealogic.
Starwood Property Trust is in talks to sell European real estate loan servicing and debt advisory firm Hatfield Philips International (HPI), which is led by chief executive Blair Lewis (pictured), according to an article by Bloomberg.
Berlin Hyp has provided a loan of €80.6 million to finance the development of a residential and hotel tower scheme in Hamburg.