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As the new head of real estate finance at Royal Bank of Scotland, Phil Hooper’s challenge is to navigate the UK bank’s property business through the late stage of the cycle.
The German bank provides acquisition financing for a residential-led portfolio in Hamburg.
A syndicate of 12 banks has provided the five-year debt facility with an initial margin of 90bps.
Liquidity in European real estate debt and equity markets shows no sign of drying up, argued panellists at CREFC Europe’s London conference.
The report formerly known as De Montfort highlights several trends that are shaping the market, including growth in development lending and the increasing role of non-bank lenders.
A new leadership team has been announced, led by Madeleine McDougall.
The bank will securitise a large portion of three loans sponsored by Blackstone and Partners Group.
A rebound in commercial property lending during H2 2017 put last year’s figures on a par with 2016.
A £27m facility will be used by the business, which rents space to charities and social enterprises, to back its growth plans and a London office development.
The bank will allow Germany’s Sparkassen to take sub-€1m participations in real estate loans.