REC staff
Deals are picking up steam in an Italian debt market with its own idiosyncrasies, says Mauro Savoia, Three Stars Capital Partners’ chairman and CEO.
In the magazine: Leaders contemplate the future of the office; Tristan sees opportunity in European lending; CMBS lenders bet on a brighter US market; A keynote interview with Sanne; Plus much more…
In the magazine: How real estate debt advisers are helping get deals done; REC’s guide to the leading advisers in the market; Keynote interviews with FAP Finance, First Growth Real Estate, Knight Frank and Three Stars Capital Partners; Plus much more…
Vonovia launches “last takeover offer” bid for Deutsche Wohnen; Latest office refurbishment loans show lenders’ growing eagerness to back the sector’s transition; Resolution Property sources £85 million (€99 million) facility to refinance The Hyatt Place London City East hotel; and more in today’s briefing, exclusively for our valued subscribers.
Organisation's latest survey shows continued improvement in how property debt professionals view conditions.
The sale of NatWest’s distressed shopping centre loan portfolio Project Mercatus offers a reference point for investors evaluating UK distressed shopping malls; LendInvest expands its capital sources through a £150 million (€176 million) partnership with banks Barclays and HSBC; A syndicated loan to fund data centres in Spain has been upgraded to €320 million; and more in today’s briefing, exclusively for our valued subscribers.
Lending terms for prime European properties were relatively unchanged between Q1 and Q2.
The firm's latest data shows that retail yields and lending margins are both rising.
US investment giant BlackRock has closed its first dedicated European real estate debt fund on €609 million; German manager Capital Bay aims to raise €1.5 billion for its property loan fund; Frogmore and Morgan Stanley secure finance for London’s Notting Hill Gate Estate; and more in today’s briefing, exclusively for our valued subscribers.
Patrick Kanters of APG Asset Management discusses debt’s place in the investor’s portfolio; Nuveen hires property credit specialist Peter Hansell from Cairn Capital; ING and UniCredit provide a €130 million green loan in the heart of Milan; and more in today’s briefing, exclusively for our valued subscribers.