February 2013 Issue
Regulation: The slow death of Libor
How will the real estate lending industry deal with the phasing out of its pricing benchmark?
Best assets lend long lease of life to an ‘uninspired’ market
IPD 2012 FIGURES IPD’s 2.7% UK 2012 return masks strength of London and long-leased assets, writes Jane Roberts
ARC transports sale-and-leaseback specialist into new waters
MOOR PARK A link-up with US REIT manager American Realty Capital has given the dealmakers behind Moor Park Capital Partners access to a deep pool of US retail investors’ money, reports Jane Roberts
Toys R Us puts CMBS into play to refinance UK debt
Retailer is believed to have lined up buyers for securitisation deal to help refinance UK property portfolio, pointing to new investor interest in CMBS
Investors put trust in Patron to deliver outperformance
PRIVATE EQUITY Patron says transparency with investors was key to raising €880m, fourth fund, writes Jane Roberts
‘Risk-on’ switch is powering up private equity real estate buyers
COMMENT writes Jane Roberts
Global capital crosses borders in quest for European assets
CAPITAL FLOWS TO PROPERTY 2012 Real Capital Analytics reports uptick in European deals in second half of 2012, writes Alex Catalano
FTSE goes live with retail bonds index
Investec develops indices for growing bond market that has seen spate of recent property issues
More CMBS may be served up as investors regain appetite
CREDIT OUTLOOK Paul Hastings highlights renewed interest in CMBS and high-yielding debt, reports Jane Roberts
UK banks and other lenders set for bigger property push
LENDING INTENTIONS SURVEY Lenders expect to raise property lending 24% in 2013, but most fell short of expectations in 2012
Recent property lending deals
CAPITAL DATA
Longbow’s shot at senior debt market hits stock exchange
ICG-LONGBOW Manager’s quoted senior debt vehicle will finance property beyond the M25, writes Alex Catalano
‘Bad bank’ may be good news for distress hunters in Spain
PRIVATE EQUITY Spanish banks start to tackle bad property debts, but disposals will take time, reports Lauren Parr
People
Peacock quits Aviva for CBRE After 24 years at Aviva Investors Andrew Peacock has left to join CBRE Real Estate Finance, as head of Central London asset management. His role is to develop asset management strategies for investors in large assets. He will also work with the central London agency team. Thassim joins Brookfield in […]