David Hatcher
Legal & General’s lending arm has provided a £75m loan to refinance five hotel assets at Gatwick and Stansted airports.
The formal process to privatise Deutsche Pfandbriefbank has begun with its owners appointing investment banks Citigroup and Deutsche Bank.
Lloyds has extended the loan held against the Valad Europe’s University Capital Trust. The bank has provided a £42m facility held against the five-asset vehicle, which reflects a loan-to-value of 43%. The previous £37m loan secured against the portfolio was due to expire at the end of last year and has been extended by two […]
Venn Partners has established a Dutch residential mortgage origination arm and plans to expand its lending in the country to €1bn by the end of the year.
Royal Bank of Scotland has provided one of the largest speculative development loans this cycle in the UK, Real Estate Capital can reveal.
Four Pancras Square croppedThe £100m ticket will be used to build 170,000 sq ft Four Pancras Square at the King’s Cross Central scheme in London. The debt reflects around 55% of the construction cost, which will be in the region of £180m. It is “the first of what is hoped will be a series of financing solutions from RBS” said the borrower, the King's Cross Central Limited Partnership.
The first major portfolio acquisition of non-core Dutch housing association stock has been financed by Deutsche Hypo, ING Real Estate Finance and pbb Deutsche Pfandbriefbank with a €331m loan.
BNP Paribas has provided a £90.4m senior loan to Tishman Speyer for its purchase of 100 New Oxford Street in London’s West End.
100 Oxford Street croppedThe facility has a maximum term of six years and includes a £5m tranche to cover costs while the property’s existing vacancy is leased up. It reflects a loan-to-value of nearly 70%.
Impax Asset Management has appointed EY’s real estate corporate finance team to raise a new green property fund.
HIG Capital has bought a portfolio of around €50m of non-performing loans from Italian bank Group Cassa di Risparmio di Cesena.
The private equity investor has bought at a discount in the region of 45%. The 52 loans are secured by a mixture of residential and commercial real estate, predominantly in the regions of Emilia-Romagna and Marche in northern Italy
Deutsche Pfandbriefbank has funded the purchase of a shopping centre in Berlin for Tristan Capital with a €50m loan.