David Hatcher

Grosvenor Fund Management’s London Office Fund has been refinanced by two banks aiming to establish themselves in the increasingly competitive London lending market. BNP Paribas and Sumitomo Mitsui Banking Corporation have provided £201m of finance secured on the fund’s portfolio of four prime central London office buildings at a competitive margin, though on low leverage, […]

Situs has appointed a new head of Spain as part of its drive to increase its loan servicing and underwriting capabilities in the country. Fernando Salazar Lacalle has been appointed to the position having previously been head of international clients and managing director of Spain for Servicing Advisors Deutschland. He will report to Bruce Nelson, […]

Irish investors Patrick McKillen and Padraig Drayne have refinanced a large regional shopping centre after regaining control of the asset by teaming up with Colony Capital.earlier this year to buy IBRC’s €800m ‘Pebble’ portfolio of non-performing loans. Deutsche Pfandbriefbank has lent £100m against the 800,000 sq ft Frenchgate Shopping Centre in Doncaster owned by the […]

LondonMetric Property’s UK joint venture with the Universities Superannuation Scheme, the Metric Income Plus Limited Partnership, has raised an extra £50m of debt finance. Deutsche Pfandbriefbank has extended the quantum of an existing facility put in place in November 2012 by £50m to £125m, and pushed the maturity out by two years to January 2020. […]

Blackstone has secured £200m of financing for its purchase of 125 Old Broad Street in the heart of the City of London. MetLife has provided a new six-year loan for the private equity firm’s purchase at a loan-to-value of 62.5%. The loan is thought to have a margin of around 150 basis points. The deal […]

Specialist investment divisions of The Blackstone Group and TPG Partners have teamed up to buy Kensington, the specialty UK residential mortgage lender, from Investec which bought the lender in 2007 during a UK residential property bull run, writes Robin Marriott. Blackstone Tactical Opportunities and TPG Special Situations Partners (TSSP) have paid £180m) for the company […]

Lloyds Bank Commercial Banking has appointed a successor to Barry Fowler, its former head of corporate real estate, Real Estate Capital can reveal. Madeleine McDougall (née Forrest) has been brought in as head of origination with its global corporate real estate business from Deutsche Pfandbriefbank. She will concentrate on Lloyds’ large ticket lending of usually […]

Real estate debt funds targeting Europe have already raised more capital in 2014 than in any year since the downturn, according to research from Real Estate Capital’s parent PEI Media Research and Analytics. In the first half of 2014 alone $9.97bn was raised by funds targeting Europe, accounting for 53% of all real estate debt funds […]

Three German banks have added €208m of bank funding at a competitive all-in cost of 2.2% to the Segro European Logistics Partnership (SELP), Real Estate Capital can reveal. Helaba, Aareal and Deutsche Pfandbriefbank, all existing lenders to the joint venture between the UK REIT and Canadian pension fund PSP, have provided the additional finance. The […]