Hammerson, the UK shopping centre-focussed REIT, has agreed a new £420 million unsecured revolving credit facility with a syndicate of eight banks.
German mortgage bank Deutsche Hypo increased its volume of new commercial real estate lending by 2.8 percent during 2015, although management board member Andreas Pohl warned that the CRE finance market represents a “major challenge” for all lenders.
Steve Willingham, HSBC’s head of EMEA real estate finance, has been announced as the next chairman of the Commercial Real Estate Finance Council (CREFC) Europe.
Henley Property Finance (HPF), a subsidiary of private equity real estate firm Henley, has provided £16.65 million of development finance to fund a residential scheme in Sutton, Surrey.
German bank Helaba has provided a €74 million loan to Nordic private equity real estate group NREP to finance a mixed-use portfolio of properties located in southern Finland.
Spain was the most active market for real estate loan sales during the first quarter of 2016 in what Cushman & Wakefield has described as a subdued start to the year.
M7 Real Estate has sourced a £76.5 million senior loan from Barclays Bank to finance its purchase of a mixed-use UK property portfolio from Goldman Sachs, Real Estate Capital can reveal.
Helaba has provided a €133 million loan to Valad Europe to refinance its Valad Polish Retail Fund (VPRF).
Federico Montero, the well-known loan portfolio sales advisor, has left Cushman & Wakefield after four years with the company.
Merlin Properties, the Spanish SOCIMI, has completed an €850 billion unsecured bond issuance with a maturity of seven years and an all-in cost of 2.225 percent.