REC staff

Investment rose in 2010 as equity buyers sought core assets. Is this the future? asks Jane Roberts

A CMBS recovery is widely expected this year; the question is, in what form? Lauren Parr reports

Many people would like the capital markets to re-open for real estate, but the question is: in what form? In the US, the CMBS market has started to come back, leading to hopes that Europe will follow. Banks including Deutsche Bank, BNP Paribas, UBS and Credit Suisse are said to have teams working on potential […]

The German government has submitted a revised restructuring plan for WestLB to the European Commission, which will make a decision by the summer. The plan proposes to cut WestLB’s total assets and risk-weighted assets by around one third, to between €80bn and €90bn by 2015. It also proposes to split the bank into four businesses, […]

Note holder blocks plan to sell building and waive LTV covenant breach

Royal Bank of Scotland has provided a five-year, £50m revolving credit facility for UK retail REIT Metric Property Investments, secured against specific assets. “We will refinance assets that we own, enabling us to draw down on the facility to finance future acquisitions,” said Sue Ford, Metric’s finance director. Conditions of the loan include that the […]

Goldman reshuffles REPIA team Jim Garman will become European head of Goldman Sachs’ Real Estate Principal Investment Area, in a reshuffle following Richard Powers’ retirement as co-head of REPIA in the Americas at the end of March. Edward Siskind, global head of REPIA, will move to the US, where he will continue to manage the […]

Deutsche Postbank hopes to increase its new lending in the UK this year to €500m. Last year the German retail bank lent €300m here. Bruce Matthews, co-manager of the 40-strong London branch, said: “Last year a lot of investments went to cash buyers and a lot of what we were shown in the debt market […]

Borrower resumes restructuring talks after improved note buy-back fails

London estates use unsecured notes as an alternative to bank finance