Lloyds Bank Commercial Banking has syndicated 50 percent of its recent loan to fund development at London’s O2 arena to Industrial and Commercial Bank of China (ICBC).
Negative interest rates implemented by central banks are driving up the costs of real estate lending, the Commercial Real Estate Finance Council (CREFC) Europe has warned.
Wells Fargo has provided a €150 million revolving credit facility to unlisted Irish property investor IPUT.
The former Colliers International UK valuer responsible for the disputed £1.2 billion valuation of London properties which backed the White Tower 2006-3 CMBS has denied bowing to pressure from the borrower to inflate the figures.
Kennedy Wilson Europe Real Estate (KWE), Kennedy Wilson’s listed investment vehicle, has issued a further €150 million of 3.25 percent bonds through a second draw-down on its Euro Medium Term Note (EMTN) programme.
The negligent valuation case brought by CMBS issuer White Tower 2006-3 against Colliers International UK began in London’s High Court last Friday (8 April).
M7 Real Estate, the pan-European property investor and asset manager, has appointed David Simmonds as its chief financial officer.
The latest proposals from regulators on risk weighting may not be flexible enough for lenders’ liking. Regulation: a word that tends to make bankers shudder. Since the Global Financial Crisis, lenders have had to get used to the scrutiny of regulators striving to ensure that they set aside enough capital to off-set risks. Asked […]
The asset management arm of the bank owned by France’s national postal service has reached a €533 million first close on two debt funds targeting real estate and infrastructure.
A British exit from the European Union (EU) would dampen the prospects for UK commercial real estate and would require ongoing monitoring of ratings on listed real estate investors and structured finance in CMBS or RMBS, Standard & Poor’s (S&P) has warned.