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It’s the news you’ve all been waiting for… The Real Estate Capital annual awards poll is now open, giving you the chance to have your say on which organisations and deals defined the market in 2017.
The European CMBS market has worked on a slow burn this year even by its own standards, with the first public deal creeping in just weeks before the end of 2017.
BNP Paribas, Crédit Agricole, ING and Natixis have provided a seven-year loan of 50 percent LTV to fund the Paris office complex acquisition by an Amundi-led consortium.
Barclays Corporate Banking has reshuffled its real estate team following the retirement of two senior bankers.
Lloyds Bank has signed the first development finance deal under its green lending initiative, providing a £39.9 million (€45.3 million) loan to BlackRock Real Estate.
Lending in the US is an attractive proposition for European organisations, but fierce competition is already hitting loan margins.
Bank of America Merrill Lynch’s UK CMBS deal shows investment banks remain determined to finance European real estate in this late-cycle market.
German bank Pbb Deutsche Pfandbriefbank has financed a development in Munich’s city centre, with a €112 million loan provided to the Brecht-Bergen family.
Spanish bank BBVA has sold an 80 percent stake in its domestic real estate business to US private equity firm Cerberus for €4 billion.
Unite Group, the UK student housing specialist, has signed unsecured debt facilities totalling £500 million (€565 million) with HSBC and Royal Bank of Scotland.