Barclays, Royal Bank of Scotland and JP Morgan are planning to provide a £550m refinancing and acquisition facility to the newly proposed £960m Park Resorts Group, which will become the largest holiday park operator in the UK.
Park Resorts is to be formed by a merger of Electra Private Equity’s existing portfolio of UK leisure assets, which include the Hertfordshire-based Park Resorts and South Lakeland Parks, with Alchemy Partners’ Newcastle-based holiday operator, Parkdean.
Starwood European Real Estate Finance has expanded its lending business into Ireland and Denmark and expects to make its first loan in Spain or Italy later this year.
The fund provided £38.2m in new loans in the first six months of 2015, according to its half-year report, with £33.1m of that secured on an industrial portfolio in Denmark – its first entry into the Danish market.
HSH Nordbank has boosted real estate lending by 26% to €2.9bn, according to its results for the first half of 2015.
The German landesbank's property lending helped grow overall new business by almost 10% to €4.9bn, compared to the same period last year.
LaSalle Investment Management has provided around £100m to Brockton Capital for its £137m acquisition of Great Minster North in Victoria, London. The whole loan reflects a loan-to-value of just over 70%. LaSalle is planning to syndicate the facility.
HSBC is financing Praxis’s £65m purchase of an eight-strong office and business park portfolio from US private equity giant Blackstone.
The bank has a long-standing relationship with Praxis and has been behind a number of acquisitions made by the property investment and management firm.
European Commission (EC) plans to unify Europe’s capital markets have been criticised for potentially harming the commercial real estate (CRE) securitisation market.
The EC will publish its Capital Markets Union (CMU) plan in the autumn which will outline its proposals to bind Europe's capital markets closer together.
Goldman Sachs has restructured its €182.25m REITALY CMBS and is reassessing its price guidance as it relaunches the transaction.
The deal is the securitisation of a single €191.5m loan to Apollo Global Management for a portfolio of 25 Italian retail assets.
Specialist lender Amicus Finance has launched a £100m securitisation backed by short-term commercial and residential property loans.
The issue is believed to be the first securitisation in the UK market made up entirely of short-term loans made for the acquisition, refurbishment and development of UK real estate.
AEG and Crosstree Real Estate have appointed Eastdil Secured to find £185m to finance a designer outlet scheme at the O2 Arena in Greenwich, London.
Debt brokers Eastdil has approached a number of lenders to secure the funding which could see up to 230,000 sq ft of retail space added to the events and leisure site.
pbb Deutsche Pfandbriefbank has provided an £81m loan to Harbert for its £115m purchase of Eastgate Shopping Centre. The five-year facility reflects a loan-to-value of 70%.