Borrowers

The manager says the transaction enables it to free up capital for future deals.

Kay Wolf, chief executive officer, says the German lender is focused on disposing of loans but will reinvest the capital in new business.

The US manager has been granted a three-year extension to execute its business plan for four retail assets.

The landlord has sourced £533m of fresh financing but faces a wall of office-related debt maturities in the coming years.

The first CMBS-type deal in the sector in Europe is sponsored by US company Vantage Data Centres.

Speaking at the PERE Network Europe Forum, the CEO and CIO of real estate at the asset management giant said Europe’s debt funding crisis is about to intensify.

The Bank of England has warned global falling property values could lead to losses for creditors, echoing concerns shared by the European Central Bank.

The manager has sourced c€26bn of European debt since the start of 2023, and its borrowing specialist is confident about market conditions ahead.

The manager’s original €450m facility has been increased, with new lenders Deutsche Bank and CACIB added.

The bank’s chief executive says he is confident it will 'get through' the challenging market conditions.