David Hatcher
Deutsche Pfandbriefbank has provided La Française two loans totalling €79m to fund its acquisitions of two Paris office buildings.
Bank of America Merrill Lynch has launched a €286.4m CMBS held against Italian assets owned by three private equity investors.
Assets owned by Blackstone, Cerberus Capital Management and Orion Capital Managers make up the collateral, each of which have entered the recovering market early in its cycle.
Starwood Capital has agreed a deal with NAMA to buy four “apart-hotels” and a residential development in London for £206m.
The deal for the assets previously managed by Think Apartments saw Irish bad bank NAMA’s debt paid back in full.
Summit Germany, the AIM-listed property company, has refinanced €268m of its €309m of debt with two banks.
HSH Nordbank and DG Hyp have provided a seven-year loan with a 3.14% interest rate.
IVG has opted for a refinancing of its The Squaire project in Frankfurt following an unsuccessful sales process that saw bidders fail to hit the company’s €700m reserve price.
Bank of America Merrill Lynch has provided a €470m, five-year loan, which at IVG’s valuation would be a 67% loan-to-value.
Lloyds has hired Ab Shome as director in its loan markets corporate real estate team.
Shome replaces Rupert Gill, who left in the summer last year to join Hatfield Philips as managing director and head of debt and management advisory.
Ballymore has struck a deal with a Malaysian investor that will see it recoup £428m and allow it to pay back a substantial amount of its debt to NAMA, as tipped by Real Estate Capital.
The voting for Real Estate Capital's inaugural awards has now closed. The awards will pick out the top lenders, borrowers and advisors in the European and US property markets; voting took place across 20 categories which received nearly 1,000 responses. The results will be revealed in a special supplement to be published in Q1 2015.
Real Estate Capital would like to thank you for your contributions and interest.
Orion Capital Managers has appointed a new UK head of retail, Real Estate Capital can reveal.
Aviva Commercial Finance has issued three, fixed-rate loans totalling £154m for the development of new healthcare and educational facilities in the UK.
The loans, which closed just before Christmas, have long-dated income that match the liabilities of group clients including the Aviva annuity business.