David Hatcher
At Expo Real this year, most people were smiling. There was a sense that anything was possible and that wasn’t just because of that warm glow you get after a couple of steins. There was a conviction in those Munich air hangers that for every asset or platform on the market there would be a […]
Blackstone is searching for £550m of fresh debt for an early refinance of its European Mint hotels portfolio, Real Estate Capital can reveal. The private equity firm has appointed Eastdil Secured to source the finance. The proactive move will decrease the company’s cost of debt and offers Blackstone the opportunity to take cash out – a […]
Lloyds Banking Group has completed another large refinancing for a private property company client’s UK portfolio. The bank has provided a new £210m five-year loan to David Pearl’s Structadene Group, replacing an existing facility provided by the bank. The deal has been priced at around 250 basis points at a conservative loan to value ratio, and the […]
Nationwide is preparing to sell a portfolio of £1bn of loans held against UK real estate. The building society is understood to have appointed Deloitte to carry out the process. Held against predominantly secondary assets issued to around 40 different borrowers, significant elements of the portfolio are thought to be performing or sub-performing rather than […]
Euro debt funds’ capital raising in first half of 2014 beats 2013 total, reports David Hatcher. Capital raised by real estate debt funds has fuelled competition in the financing market this year, particularly in Europe, but managers are resolute that the diversification is positive and sustainable. In the first half of 2014 alone, funds targeting […]
Banking reform removes punitive taxation on foreign lenders, writes David Hatcher. A radical change to Italy’s banking laws could lead to a resurgence in real estate lending in the country and help aid recovery of its property market as the results of the ECB’s Asset Quality Review (AQR) loom. The “decreto competitività” law, passed in […]
IREBS lending report suggests LTV levels will hit 72% next year and margins will fall
Our panel of industry experts discuss the opportunities on offer in the continental European market
Kennedy Wilson Europe Real Estate is close to raising £350m through a new share issue. It has or is in the process of issuing nearly 35 million shares representing around 35% of the company’s share capital. This will give the company, which launched a £1bn initial public offering in February, new firepower to invest into […]
LaSalle Investment Management’s £440m UK LaSalle Residential Finance (LRF) fund has expanded its mandate into hotels and completed its first deal in the sector, Real Estate Capital can reveal. The broader remit will allow it greater flexibility to compete for deals in the slowly reawakening UK development finance market. The fund previously focused on only […]