Jane Roberts
Quintain has closed an £800 million corporate development facility with three North American lenders, securing finance for the next five years for the development of its masterplan at Wembley Park in north London.
The facility is split into a £560 million, five-year revolving senior loan which has been provided by Wells Fargo and US insurer AIG, and £240 million of mezzanine from Canadian Pension Plan Investment Board.
This week’s shock US election result will create more uncertainty in European real estate markets still dealing with June’s Brexit vote.
Pbb Deutsche Pfandbriefbank is understood to be in the final stages of agreeing to provide around £80 million of development finance for the Angel Gardens residential tower in Manchester, Real Estate Capital has learned.
Blackstone Real Estate Debt Strategies (BREDS) provided an £83 million whole loan for the acquisition of UK self storage company Big Box last month.
London has crashed down the rankings of European investment destinations, according to the Emerging Trends in Real Estate Europe 2017 report, published today (3 November).
Situs announced today that it has completed the acquisition of rival European real estate debt advisor Hatfield Philips International for an undisclosed sum from Starwood Capital affiliate, Starwood Property Trust.
Maturing property cycles, political uncertainty and the rise of debt funds all featured at Real Estate Capital’s third Europe Finance Forum, writes Jane Roberts.
Most build-to-rent schemes in the city are being forward funded by investors looking to establish PRS platforms, but more debt financing is coming, reports Jane Roberts
European investment volumes fell for the third consecutive quarter year-on-year in Q3 2016 confirms Real Capital Analytics.
RCA’s latest Europe Capital Trends quarterly update shows that deals fell 38 percent year on year, to €46 billion in Q3, and that, “hurt by Brexit concerns, the UK fell behind German volume for the first time since 2012.”
German residential property company the BUWOG Group has agreed a €550 million refinancing of a 2014 loan with existing lenders Berlin Hyp and Helaba, at a margin of 105 basis points, a 60bps reduction.