Lloyds Bank’s commercial real estate team has provided a £47 million loan to developer HB Reavis to fund its refurbishment of an office building near the South Bank of London’s River Thames.
UK-based specialist lender Pluto Finance has raised more than £500 million of institutional capital for its residential development finance strategies.
Industrial and Commercial Bank of China has provided a £30 million loan to private equity real estate investor Henley to fund its purchase of a portfolio of student housing schemes.
Goldman Sachs, HSBC and Bank of America Merrill Lynch have provided a £400 million loan to English football club Tottenham Hotspur to fund the development of its new stadium in north London.
Financing property development requires an appetite for risk that relatively few lenders in Europe currently possess.
Loan terms should give sponsors the freedom to execute business plans, argued borrower panellists at the recent CREFC Europe Spring Conference. Daniel Cunningham reports.
Investors continued to pile capital into the UK regional logistics market, creating opportunities for lenders.
The latest figures compiled by our data team show there are 27 debt funds with known targets above €100m currently fundraising.
The availability of development finance remains limited across Europe, although alternative lenders are aiming to fill the gaps.
BNP Paribas Asset Management – recently rebranded from BNP Paribas Investment Partners – has established a division focusing on private credit investments, according to a company announcement. The division is branded as the firm’s private debt and real assets investment group.