David Hatcher
Deutsche Pfandbriefbank has written a cheque of more than €100m to finance the development of a mixed-use project in Hamburg.
DRC Capital has completed two deals in the UK, for Draco Property and for a joint venture between Oaktree Capital Management and Patrizia Immobilien, Real Estate Capital can reveal.
Lattanzio, Dale - CAP13 SThe real estate debt fund manager, run by managing partner Dale Lattanzio (pictured) and partners Rob Clayton and Cyrus Korat, is deploying capital from its high-yielding £487m European Real Estate Debt Fund II which reached a final close in May last year and issues whole and mezzanine loans.
BNP Paribas has provided €739.5m of fresh debt to refinance a French residential vehicle and its 7,140 unit portfolio.
The finance has been issued to Powerhouse France, which is managed by TwentyTwo Real Estate. TwentyTwo Real Estate is the company set up in 2012 by former Perella Weinberg partner Daniel Rigny.
ING and LBBW have jointly arranged a £325m loan to refinance Sea Containers House on London’s South Bank, Real Estate Capital can reveal.
Oxford Properties has commenced a search to refinance Watermark Place in the City of London, Real Estate Capital can reveal.
Bank of America Merill Lynch has issued initial price guidance on its €286.4m CMBS – Taurus 2015-IT.
Omni Capital, the lender backed by Christian Candy’s CPC Group, has provided an £8.9m loan for the development of a luxury residential scheme in Chiswick, West London.
The 15-month loan will be used to convert an office building into 19 flats with an estimated end value of £13.5m. A day-one draw down of £5.6m is available under the terms of the facility
Barclays has lent Harbert £96m to fund its acquisition of a portfolio of nine offices across the UK.
The bank provided a four-year whole loan reflecting a 70% loan-to-value on the £137m purchase price. Barclays acted as sole arranger, lender and agent on the facility. It may sell down a junior portion of the loan.
Colony Capital has appointed a chairman of its international business to be responsible for identifying new investment opportunities outside the US.
Philippe Costeletos has joined the Los Angeles-based firm from TPG Capital where he was a partner and head of Europe.
Münchener Hypothekenbank has financed Amundi Real Estate’s purchase of Square 41 with a €20.7m loan.
square_41Advised by investment manager Laxfield Capital, it issued a five-year loan and the LTVs of MHP’s deals are usually between 50% and 60%.