Jane Roberts
Merlin Properties has issued an €800 million, unsecured 10-year eurobond to refinance a bridge loan made to its latest and largest acquisition, Metrovacesa.
Pbb Deutsche Pfandbriefbank has provided a €150 million loan for an 18,500 square metre Paris office development.
The scheme is the redevelopment of the Centre Marine Pépinière, two buildings at 15 rue Laborde in the 8th district in the city’s central business district.
ICG-Longbow is planning to change the investment strategy of its listed senior debt fund in the face of lower returns achievable for UK senior property debt.
Tishman Speyer has financed its acquisition of a Paris office tower with Aareal Bank and La Banque Postale.
The two lenders jointly provided €215 million for the 41,000 sq metre building in La Défense which used to be known as Tour Dexia after one of its major tenants.
HIG Capital is expanding the debt investment capability of its European real estate team with the hire of two new directors, Real Estate Capital has learned.
The US-owned hedge fund has recruited Natale Giostra, formerly of CNM Estates, and Stelios Theodosiou who worked in Deutsche Bank’s London-based European special situations team.
The five-year sterling swap, the benchmark for many UK commercial real estate property loans, has risen steadily in the last three weeks, pushing up costs for borrowers. According to hedging specialist JC Rathbone Associates, the five-year swap was only 0.46 percent on 27 September but had risen to 0.75 percent yesterday (17 October). The climb […]
Returns from UK senior debt stabilised in the first three months after the Brexit vote according to CBRE, but more volatility is likely in the coming months.
In its latest quarterly UK debt prospects report, the firm said its forecast for annualised gross returns from five-year lending in the third quarter 2016 was 3.1 percent, unchanged from Q2 2016.
JPMorgan has syndicated the mezzanine tranche of a circa €200 million whole loan which it underwrote for Lone Star’s €328 million acquisition of property company Centrice, in June.
ING Real Estate Finance has increased its lending to Dutch client Woonhave by almost 50 percent to finance the acquisition of a residential portfolio in Rotterdam. Woonhave used the facility, enlarged from €112 million to €169 million, to buy the assets from Dutch private investor Van der Vorm.
Real estate loan servicer and debt adviser Situs is setting up a valuation appraisal business in Europe in another expansion move under new owner Stone Point Capital. The Houston-headquartered firm has hired Taco Brink of Altus Group to set up the European operation, which will be badged under the ‘Situs RERC’ brand.