May 2013 Issue

The loan syndications market has picked up, with Insight Investments having taken a participation in three separate deals. The asset manager is buying for its 2007 loan fund, which both buys and originates debt. It took a £25m position in Adelphi, as well as a stakes in Maybourne’s and Intu’s debt. Three deals this month have […]

Investment banks’ activity in debt distribution ramping up with increase in loan underwriting syndications agreed on hotels, retail and London offices

Equity raise oversubscribed as four new multi-manager investors sign up

German property company to increase size of its next CMBS to €1bn following success of Taurus

US insurer issues third central London loan as competition to finance capital’s assets heats up

Pinsent Masons HQ is Samsung SRA’s first overseas investment

10 holdings in Project Carnaby with a value of €80-€90m under offer

Dutch pension fund manager commits to €520m junior debt vehicle

Payment formula to Bank of America Merrill Lynch ignores investors’ wish for subordination

COMMENT

COMMENT

FUND TERMINATIONS Wave of maturities breaks as values are falling and returns turn negative, reports Jane Roberts

CREFC EUROPE CONFERENCE REPORT Lauren Parr reports from the Commercial Real Estate Finance Council’s Spring Conference

RESIDENTIAL PRUPIM and APG deals show institutions warming to private rented sector, writes Doug Morrison

RESIDENTIAL M&G is first institution to make big return to resi, in deal overseen by property arm’s retiring head

RESIDENTIAL As corporate activity flickers into life again, Doug Morrison says it’s different from pre-crisis takeovers

In the first of a series on niche lenders, Doug Morrison talks to south-east based Urban Exposure RESIDENTIAL

RESIDENTIAL Pilot project to build 240 homes may be blueprint for other local authorities, writes Doug Morrison

STANDARD LIFE Two years into the job, David Paine is moving the Scottish firm into new areas. By Alex Catalano