ING Real Estate Finance has provided a €280 million loan to finance the purchase of a prime Madrid office tower by the billionaire Philippines-based investor Andrew Chan, Real Estate Capital can reveal.
Blackstone has sourced €341 million of finance from two European banks to fund its acquisition of the logistics portfolio of Austria’s Immofinanz, Real Estate Capital can reveal.
A total of €74.4 billion of real estate debt and bank-owned property was sold during 2015, forming the bulk of the €104.3 billion of loan portfolios sold during the year, according to new research published by Deloitte.
DekaBank has provided a €41.4 million senior loan to finance Schroder Real Estate’s acquisition of a mixed-use hotel and office property in Berlin.
ING and JP Morgan have been ranked as the most active banks in the syndicated European real estate loan market during 2015 by financial information provider Dealogic.
European credit asset manager Chenavari Investment Managers has provided a €50 million revolving credit facility to Luxembourg-based student housing investor Deutsche Real Estate Funds (DREF).
ING Real Estate Finance (REF) had a post-crisis record year of lending in 2015 with a total of €9.5 billion of new debt provided during the period.
Islamic finance specialist Gatehouse Bank has provided £20 million of senior finance to Criterion Capital’s private rented sector residential subsidiary to back a south-east England scheme, Real Estate Capital has learned.
Deutsche Pfandbriefbank (pbb) has provided a €36 million loan to Frankfurt-based property investor WCM Beteiligungs- und Grundbesitz-AG (WCM) to finance its recent acquisition of an office building located near Frankfurt.
Specialist investors are targeting high-quality healthcare assets, writes Daniel Cunningham.