Paul Yandall
Aviva Investors real estate multi-manager has invested in TH Real Estate’s debut property debt fund, the UK Enhanced Debt fund.
pbb Deutsche Pfandbriefbank is lending €430m to German developer and asset manager Aurelis Real Estate Management, refinancing loans maturing in December 2016. A further €100m is being provided by an undisclosed lender.
Developer St Modwen has appointed British Land’s Rob Hudson as group finance director. Hudson, 41 and currently British Land’s group financial controller, is expected to take up the role in October. He replaces Mike Dunn who leaves St Modwen in May to spend more time with his family. Andy Taylor will become acting group finance […]
The Chinese renminbi will appreciate by 60%, the Scandinavian countries will leave the euro to set-up their own currency, VAT rates will vary regionally across the UK, and the City will be transformed by Asian currency trading, the CREFC Europe Spring conference heard in London. In his keynote speech, economist Dr Savvas Savouri from Toscafund […]
The European Central Bank’s Quantitative Easing programme is pushing German Pfandbrief yields to new lows, illustrated by Deutsche Hypo’s heavily oversubscribed, 0.125% 2022 bond this week. German bond prices struck record highs this week after the ECB kept key interest rates on hold and reiterated its commitment to spend €60bn a month until September 2016. […]
Bank of America Merrill Lynch has launched the €455m five-year Taurus 2015-2 DEU CMBS secured by a single loan on IVG Immobilien’s The Squaire property at Frankfurt Airport. The six-tranche CMBS refinancing loan includes a 7.1% debt yield and matures in January 2020 with a six year tail period. The loan-to-value is 72.2% based on […]