Lucy Scott
The facility replaces a €723.9m loan secured by the Finance Tower, owned by South Korea’s JR Global REIT.
Real Estate Capital Europe’s inaugural Borrowing Barometer survey reveals borrowers are keen to acquire as debt costs stabilise.
Property finance was on the agenda during week one of the 29th session of the Conference of the Parties to the United Nations Framework Convention.
The US manager said it is on the lookout for further growth opportunities.
Analysis by manager AEW reveals the composition of the €86bn debt funding gap.
Berlin Hyp and DZ Hyp, both new lenders on the deal, stepped in after the building’s owners injected €60m into the property.
The central bank says private credit lending and specialist real estate banks could pose unseen issues for financial stability.
With leverage, the Toronto-based manager has the potential to lend as much as €300m.
The newly-launched fund, which is already being deployed, is issuing loans of between €25m and €75m.
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