Paul Yandall
pbb Deutsche Pfandbriefbank has provided a €100m loan package to Paris regeneration firm SEMAPA for its Paris Rive-Gauche development on the bank of the Seine.
The five-year facility is comprised of a number of development loans and will fund a new phase in the project beginning with infrastructure works.
Internos Global Investors has appointed Roger Lees as chief financial officer.
Lees joins from Aviva Investors where he was finance director and chief operating officer at its global real estate investment business.
CMBS is viewed as having the poorest growth prospects of any securitisation class in 2015, according to Fitch Ratings.
Fitch logo to use 2In a Fitch survey conducted at the Global ABS conference in Barcelona, only 12% of respondents thought CMBS issuance would increase.
Lloyds Bank commercial real estate division has appointed Ian Goldsworthy as a director in its listed clients team.
Goldsworthy joins from Kennedy Wilson where he was Europe Managing Director.
pbb Deutsch Pfandbriefbank has provided a €124m facility to evoreal Group to develop a residential block in Munich.
The three-year loan partly refinances evoreal’s purchase of the site but is predominantly for the construction of 240 flats and an underground garage at Prinzregentenstraße 155 in the Munich-Bogenhausen district.
Legal & General Investment Management (LGIM) has provided a £50m 25-year loan to Sanctuary Group secured against a portfolio of care homes.
The loan, made through LGIM Commercial Lending Limited’s annuity fund, will be used to invest in both Sanctuary’s existing properties as well as the delivery of new housing.
BNP Paribas and Credit Agricole have provided a five-year £98.8m facility for Tribeca Holdings, secured on the Brompton Cross Estate in Chelsea, West London.
BNP Paribas logo to useThe loan is predominantly a refinancing but also includes a capital expenditure tranche. Both banks will hold the debt on balance sheet.
Tribeca’s funding partner at the estate, Pramerica Real Estate Investors, is also supplying mezzanine finance.
JP Morgan has priced its dual-currency £251m/€131m Mint 2015 CMBS secured by two loans on three Hilton hotels owned by Blackstone. The CMBS is a new milestone for European CMBS as the first post-crisis multi-jurisdictional deal and the first purely hotels. It also has a multi-class structure: Mint’s £251.2m offering has six classes and its €131m […]
Barclays has provided a £125m development loan to King’s Cross Central Limited Partnership to develop further retail, leisure, residential and office space at its 67-acre site.
Most of the new development will be retail and leisure and will include a Waitrose supermarket, Guardian Media Group's 'Living Newspaper', plus a number of restaurants.
The Bank of New York Mellon has appointed Alan Flanagan to the newly-created role of global head of Private Equity & Real Estate Fund Services.
Flanagan, who was global head of product management for Alternative Investment Services (AIS), will continue to be based in Dublin. He will report to Frank La Salla, chief executive of BNY Mellon’s Alternative Investment Services business in New York.