Berlin Hyp and Erste Group Bank have financed the Warsaw property portfolio of Austrian developer Immofinanz with a €205 million loan.
Aviva Investors has completed two commercial real estate finance transactions to Lazari Investments totalling £145 million (€163 million).
Deutsche Bank has acquired a portfolio of non-performing loans with a nominal value of €375 million from Sareb, Spain’s ‘bad bank’.
Schroder European REIT has signed a €13 million loan with Banque Populaire in France.
Immofinanz, the Austrian property developer, has refinanced around €1.6 billion of debt this year, representing 60 percent of the group’s financial liabilities by end of September.
St Modwen Properties, the UK real estate investor and developer, has sourced a £475 million (€538 million) unsecured revolving credit facility from a syndicate of banks.
German bank pbb Deutsche Pfandbriefbank has provided a €140 million loan to local developer Gerchgroup to fund a land acquisition in Cologne, Germany.
UK-based property company Regional REIT has signed a £165 million (€188 million) secured loan with Scottish Widows, through its partnership with Lloyds Bank’s Bank of Scotland, and Aviva Investors.
Poland’s Bank Pekao has written a €200 million loan to refinance the Galeria Północna retail park in Warsaw.
Lloyds Bank Commercial Banking, through its partnership with group insurer Scottish Widows, has provided a £40 million loan (€45.27 million) to UK real estate investment trust LXi REIT.