REC staff

Savills finds 20 new lenders in UK since last year, but “many are embryonic”. Lauren Parr reports

Investors are finding bank lending terms more demanding in a range of areas, writes Lauren Parr

Goldman Sachs’ plan to float Spring portfolio provides hope for the country’s stalled REIT sector

IPD index shows green buildings underperforming, but lack of data is a flaw, writes Jane Roberts

Investors back £302m DECO 2011-CSPK after last-minute structure changes, writes Jane Roberts The first publicly-marketed European commercial mortgage-backed securities transaction for almost four years has been scrutinised from all sides. What would demand be like? How would it price? How different is the structure from ‘old’ CMBS deals? And would Deutsche Bank, the £302.3m deal’s […]

Deutsche Bank has almost certainly pulled it off: it is just days away from closing the first new CMBS transaction to be sold to investors for almost four years. After much anticipation, there was enough investor demand for the debt, secured on Blackstone’s Chiswick Park, though European buyers weren’t beating down the door. Deutsche is […]

The slew of regulation affecting private equity fund managers will have significant outcomes for their businesses, concluded a panel at the PERE conference. Ken MacNaughton, chief financial officer for Benson Elliot, said: “The successful long-term managers will be the ones that prepare now. It is not a compliance matter; it is a business issue.” MacNaughton […]

Property firms will have to post collateral to take out interest rate swaps in less than two years’ time, following a European Commission vote last month. Peter Cosmetatos, finance policy director at the British Property Federation, told the conference that an attempt to win real estate exemption from European Market Infrastructure Regulation (EMIR) had failed. […]

Private equity conference hears flow of loans offloaded by lenders is up “from trickle to a stream”

Irish banks are stepping up disposals of non-core assets. Allied Irish Banks is under-stood to be talking to Merrill Lynch about selling €260m of continental property loans. It agreed to sell around $1bn of US loans to Blackstone and Wells Fargo earlier this month. Blackstone took about half of the portfolio at a discount in  […]