Ireland’s real estate market recovery has attracted overseas banks, writes Daniel Cunningham.
Real Estate Capital market commentary • Despite a slowdown in the market towards the end of 2015, significant loans were closed in the UK. A club of banks provided £425 million to refinance Value Retail’s Bicester Village outlet centre in Oxfordshire. The five-year loan was provided by pbb Deutsche Pfandbriefbank, Santander, Crédit Agricole, RBS and […]
London-based investment manager Omni Partners has reached final close on its second real estate debt fund, having raised $240 million.
US private equity giant Blackstone has confirmed that it has raised $1.3 billion for the initial closing of its third real estate debt fund.
Deutsche Pfandbriefbank (pbb), BNP Paribas and Crédit Agricole CIB are among lenders which have recently provided finance during a busy period in the Paris office investment market.
Topland Group, the private real estate investor which also provides structured finance, completed four bridging loans totalling more than £50 million in December 2015.
pbb Deutsche Pfandbriefbank has written a €32 million loan to finance the development of a four-star Holiday Inn hotel in Hamburg’s City Nord area.
Hammerson has financed its £350 million purchase of the Grand Central shopping mall in Birmingham with a €500 million increase to its existing €1 billion revolving credit facility.
UK-based development finance provider Maslow Capital has formed a joint venture with the special situations division of San Francisco-based private equity giant TPG.
Lloyds Bank Commercial Banking has provided a £185 million whole loan which will in part finance the development of a designer outlet scheme at London’s O2 arena.