TH Real Estate has provided a £47.8 million loan to US-based student accommodation investor TJAC Development to refinance two UK properties.

New lending to UK commercial property is on course for its highest annual volume since 2008, the latest edition of De Montfort’s bi-annual report on the sector has shown.

The equity phase of the real estate cycle is giving way to the debt phase, responses to a survey on the global property market by Colliers International have suggested.

The parliamentary committee charged with scrutinising the activities of the UK Treasury has raised concerns over the sale of a £13bn residential mortgage portfolio to Cerberus Capital Management in November.

Macquarie has provided long-term finance to a West Oxfordshire housing association through its infrastructure debt fund.

Aareal Bank has provided a €129 million loan to finance Tristan Capital Partners’ recent acquisition of the Garden Tower building in Frankfurt’s banking district.

Tribeca Holdings has secured a £227.5 million loan from LBBW and TH Real Estate to refinance a row of prime retail units on London’s Oxford Street.

Royal Bank of Scotland (RBS) and Crédit Agricole CIB have provided a £90 million loan to a joint venture between Great Portland Estates (GPE) and the BP Pension Fund, secured by the London headquarters of news broadcaster ITN.

ICG-Longbow has hired David Mortimer from Santander to head up its senior lending programme.

The governor of the Bank of England singled out equity rather than debt as the main factor driving up real estate values in a key speech earlier this week.