The UK commercial real estate finance market might have reached its peak, but mistakes from the last cycle are not being repeated, according to Savills' latest annual Financing Property research, which was presented this morning (7 June) in the City of London.
Scottish Widows, with Lloyds Bank Commercial Banking acting as agent, has provided a £45 million loan to UK real estate investment trust Custodian REIT.
Cushman & Wakefield has hired the former head of debt origination at GE Capital Real Estate, James Spencer-Jones, to lead its newly launched EMEA structured finance team.
Helaba has hired Swedish real estate banker Pontus Sundin to head its Stockholm office amid a drive to increase its lending activity in the Nordic region.
A new leadership line-up has been unveiled at Lloyds Bank’s commercial real estate division following the decision by former head of private real estate corporates Marty Green to return to his native Australia.
The total value of outstanding commercial real estate debt in the UK grew for the first time since 2008, writes Daniel Cunningham.
Venn Partners is raising its first real estate debt fund, working with the UK government to deliver PRS loans, and writing Dutch home mortgages. Daniel Cunningham meets the team to discuss its various business lines.
Spanish banks have returned to the commercial property lending market, but they are playing it safe.
The Children’s Investment Fund (TCI), the hedge fund founded by activist investor Sir Chris Hohn, made its first major UK real estate loan with a loan of up to £400 million to finance Almacantar’s Marble Arch Tower scheme in London’s West End.
Central and Eastern European-focussed property developer HB Reavis has raised €46.2 million (Kč 1.25 billion, $51.7 million) through a bond issue on the Prague Stock Exchange.