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Lloyds Bank has written an £82 million (€92 million) whole loan to developer Ballymore to bring forward an office building at Embassy Gardens, its regeneration project close to the site of the new US embassy in London’s Nine Elms.
Whether by geography, sector or product, real estate finance providers are broadening their scope. Alternative lenders, particularly, are set to benefit from the drive to diversify.
Münchener Hypothekenbank has hired Thomas Völker as head of commercial real estate international clients in order to boost the German bank’s international presence.
Santander has issued a £916.8 million (€1 billion) commercial real estate loan securitisation, in one of the first synthetic transactions of UK commercial property assets since the financial crisis.
Credit will provide a major access point into real estate for an increasing number of investors in the year ahead.
UK healthcare REIT Primary Health Properties has signed a £75 million (€84.3 million) refinancing facility with Aviva and a £30 million revolving credit facility with Lloyds Bank.
As the voting deadline for Real Estate Capital’s annual awards draws near, competition is fierce across several categories. Your vote could make all the difference, so head to the polls before they close at midnight on 8 January.
Germany’s HSH Nordbank has provided a €139 million loan to domestic developers Aug Prien Immobilien and DC Developments to fund a residential scheme in Hamburg.
London-based property company Eskmuir has closed an £80 million (€90.1 million) refinancing deal with Royal Bank of Scotland to fund future property acquisitions across the UK.
Against a backdrop of progress in EU exit negotiations, the UK market will present plenty of opportunities for real estate lenders, writes Mark Bladon of Investec Structured Property Finance.