The firm’s global debt platform has raised more capital than all other European-focused debt funds combined in the past 12 months.
A syndicate of lenders including banks and manager Generali Real Estate provided the loan.
Cheyne’s Arron Taggart discusses using back leverage and factoring sustainability into the loan structure.
Andrew Coombs says the capital was raised now because of concerns eurozone interest rates could increase.
The most important UK and Continental European commercial real estate deals collected in our database, updated every Monday.
The acquisition financing represents a 56% loan-to-value.
Lenders will ‘become less paternalistic and maternalistic’, said the firm’s head of UK and European commercial research.
Alex Price and Steven Wright, co-founders of Ashen Capital, have invested in a debt fund alongside lender Sibner Group.
The financing will back the redevelopment of Deutsche Bank’s former London HQ into a sustainability-focused office scheme.
Bond demand, loan pricing, and credit quality could be impacted by the current turmoil, says Chatham Financial’s Jackie Bowie.