David Hatcher
Investment bank eyeing specialist CMBS next year
Europe’s CMBS market is finding its feet as deals become gradually more complex
The European real estate finance head of insurance giant Allianz talks to David Hatcher
Falling pricing makes it hard to hit returns promised to investors, writes David Hatcher A staggering €54.9bn of non-performing real estate loan portfolios have been traded in Europe so far this year, more than the whole of 2012 and 2013 combined. Cushman & Wakefield estimates that another €30.8bn of deals are ongoing. Non-performing loans (NPLs) […]
Private equity firm looking to pile into Spain
A pan-European industrial portfolio owned by Starwood Capital and M7 Real Estate is set to seed two future CMBS deals. The investors’ joint venture, MStar, has agreed two new loans, one with Bank of America Merrill Lynch and the other with Deutsche Bank, which are both potential securitisation sales. BAML has won a mandate from […]
Notes issued at 3.63% and 3.68%
Deal would be one of the largest in UK real estate corporate history
Orion Capital Managers is to take advantage of the surge of institutional interest and recovery in the debt market in Spain by putting one of the country’s best shopping centres up for sale for €400m, Real Estate Capital can reveal. The price that is being asked for Plenilunio, the 70,000 sq m mall to the east of […]
Whole loans becoming increasingly prevalent as market becomes more competitive