The fund’s commercial focus differs from its predecessors, which targeted an array of assets.
The German bank recorded €4.2bn of new real estate lending in the first half of 2018.
The German bank has posted an overall 24% year-on-year drop in new business as it maintains a ‘selective stance’ in financing markets.
BAML’s Devonshire Square transaction in London comes amid widening pricing in the securitisation space.
These institutions prefer floating rate-based loans to mitigate foreign currency hedging risks.
DekaBank and pbb provide a €117.3m loan for three prime industrial facilities in Germany as local banks continue to benefit from burgeoning institutional investment.
Investment in Italian commercial real estate is down and there are signs of concern among lenders. This seven-slide presentation explores the impact of Italy’s new politics on the property sector.
Soaring values should give lenders pause for thought, but European logistics fundamentals remain solid for now.
BAML and Morgan Stanley launch €338m loan securitisation in a transaction sponsored by Blackstone – the seventh this year in the resurgent European securitisation market.
If commercial property becomes a service industry, asset-level finance will become less relevant.