REC staff

UK commercial property values will head south and debt will be the big opportunity this year. At the Outlook for UK Property 2012 seminar, held jointly by the Investment Property Forum and the Society of Property Researchers, panelist Neil Parker, market strategist at RBS, forecast a recession in Continental economies, but the UK keeping positive […]

Lending and corporate finance teams will now report to deputy head of portfolio management

Deutsche Bank’s second new CMBS, secured against the Merry Hill regional mall in Dudley, is expected to close at the end of January. The £210m deal, a three-tranche securitisation of a five-year loan to Queensland Investment Corporation, has been marketed in the US as well as Europe. QIC owns 50% of the 1.7m sq ft […]

Harin Thaker left Deutsche Pfandbriefbank this month after almost 20 years with the German mortgage bank. Thaker has worked for the bank since 1992 and is one of the best-known faces in UK property lending. He had been head of international property loan origination for the last six years and has resigned to look for […]

Corestate Group has agreed to inject up to €10m of equity into the recapitalisation of a high-street portfolio comprised of 20 mixed-use properties across 16 German cities, valued at €55m. The bilateral bank financing was provided by one German senior lender and two junior Danish lenders, both of which are now covered by the Danish […]

BoAML report says practicalities of offloading debt are challenging

A Foncière des Régions’ subsidiary has refinanced a further €387m of its securitised debt in Germany with LBBW and Landesbank Berlin. French SIIC Foncière Développement Logements (FDL), which owns Immeo Wohnen, borrower to the €1.4bn Immeo Residential Finance No 2 CMBS, has secured a new 9.5-year facility at an average rate of 4%, secured against […]

F&C REIT’s new open-ended income fund has grown to £53m of assets. F&C UK Property Fund was launched in June 2010 to take advantage of opportunities to buy in prevailing market conditions, often off-market and sometimes from sellers under pressure from banks. The fund controls inflows to match property it hopes to buy and has […]

Niche US property placement agent Hodes Weill is expanding into Europe and will open a London office this month. The office will be run by Dominic Field, who left Grosvenor Fund Management late last year, and Eric Lemer. The expansion reunites Field and Lemer with David Hodes, Doug Weill and Susan Swanezy, who worked together […]

2012 sees record €13bn of maturities, inflating mountain of problem loans