HIG Capital has bought two Portuguese portfolios containing real estate assets and non-performing loans (NPL) worth over €110m from asset manager Finangeste.
The two portfolios are comprised of 77 real estate assets and 114 secured loans.
The Debt Exchange (DebtX) has appointed Luis Martin as a senior advisor in Europe.
Martin joins from SAREB, Spain’s national bad bank, where he was a member of the board and head of transactions. He oversaw more than $30bn of loan sales, including some of the industry’s largest disposals, during the past two years.
Santander is prepared to lend up to €600m or 100% of the construction cost of Lone Star and Vilamoura World's €1bn leisure joint venture in Portugal.
The Spanish bank will provide development facilities on a project-by-project basis as the 1,700-hectare Vilamoura scheme in Portugal's Algarve region is built out in phases over the next five years.
Aviva Investors is expanding its real estate debt offering onto the Continent with a mandate from Aviva France and a new appointment to lead the business, Real Estate Capital can reveal.
Romain Linot, who comes from a senior fund manager's role at AXA commercial real estate, will head the new debt team from Paris and begins this week.
Jones Lang LaSalle (JLL) has acquired Swedish firm AGL in another move to expand its debt advisory business across Europe.
The deal, which is subject to approval by the Swedish Financial Supervisory Authority, will add further financial and debt advisory services to JLL's existing real estate capital markets business.
German financial services group SEB AG has provided a €59m, seven-year refinancing facility at a fixed rate of 1.84% to Sirius Real Estate.
The refinancing takes out two Macquarie Group facilities and reduces Sirius’s annual cost of debt by around €2.6m.
A syndicate of four banks have provided a £303m facility at 1.9% to Redefine International to help fund £490m of purchases from Aegon.
HSBC, Barclays, Abbey National Treasury Services and the Royal Bank of Scotland have teamed up to lend the property investor a £155m term loan and a £148m revolving credit facility.
Renshaw Bay is latest niche real estate fund firm to find bigger buyer When Jon Rickerts, head of real estate finance at Renshaw Bay, came to agree GAM’s takeover of the business he part owns, there was only one topic at the front of his mind. “If you just viewed it as a financial transaction, […]
Our roundtable panel of property experts discussed how 2015 has unfolded so far, a year that saw a general election in the UK, and where the opportunities and the risks lie ahead.
On the lending side were Paul Dittmann, head of senior commercial mortgage finance at M&G Real Estate, and Colin Sanders, chief executive of specialist lender Omni Capital.
Simon Marriott, head of UK real estate at investment manager Valad Europe, and Ed Daubeney, head of debt advisory at agent DTZ, gave the borrowers’ perspective.
Real Estate Capital market commentary • A number of jumbo refinancings took place over the summer, the largest being Aviva’s £936m to refinance Criterion Capital’s £1.8bn London assets and redevelop the Trocadero in London’s West End. In another, AIG, Legal & General and Rothesay Life agreed to provide £900m for Secure Income REIT’s UK hospital and leisure portfolios in a deal due […]