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Situs has appointed investment bank Raymond James to find a buyer for the business. The loan servicing, real estate advisory and asset management firm is aiming to find a suitor by the year-end. The business is currently owned by Ranieri Partners, Brookfield Investment Management, the South Carolina Pension Fund and members of the Situs management […]
Aeriance Investments has appointed a new director of origination to expand its lending into the UK regions. Chris Tessler will join the debt platform, which has been focused predominantly on providing development finance for high end residential properties in London. Aeriance is now aiming to originate a greater number in “strong residential markets across Greater […]
Fund manager AEW Europe has hired a new head of debt funds to oversee its existing real estate finance business and raise new funds. Thibault Chauvin is moving over from Colony Capital, where he was managing director for real estate debt strategies and origination in Europe; before that, Chauvin headed international real estate finance at Crédit […]
Ramón Camina-Mendizabal has resigned from his position as head of real estate finance, EMEA at Goldman Sachs, Real Estate Capital can reveal. After a 15-year stint with the investment bank Camina-Mendizabal (pictured) has left to help establish a new business with Ed Siskind the former head of Goldman’s Real Estate Principal Investment Area (REPIA). It […]
A new player in the European real estate debt market has bought the mezzanine debt secured against three UK business parks formerly owned by MEPC, Real Estate Capital can reveal. Highbridge Principal Strategies, owned by JP Morgan Asset Management, has taken just under £75m of a £335m whole loan secured against the regional assets that […]
At Expo Real this year, most people were smiling. There was a sense that anything was possible and that wasn’t just because of that warm glow you get after a couple of steins. There was a conviction in those Munich air hangers that for every asset or platform on the market there would be a […]
Deutsche Bank Trust Company Americas has provided a $460m loan to a joint venture led by Macklowe Properties for its acquisition of 1 Wall Street in Lower Manhattan. Macklowe Properties bought the 1.1 million sq ft skyscraper from Bank of New York Mellon for $585m. BNY Mellon stated its intentions to sell the property in April, […]
M&T Bank has provided Corigin Real Estate with $147m in mortgage financing for the development of a residential condominium project on the Upper East Side of Manhattan. The 17-story building at 20 East End Avenue will feature 43 luxury condos designed by Robert A. M. Stern Architects, the same firm behind the renown 15 Central […]
Blackstone is searching for £550m of fresh debt for an early refinance of its European Mint hotels portfolio, Real Estate Capital can reveal. The private equity firm has appointed Eastdil Secured to source the finance. The proactive move will decrease the company’s cost of debt and offers Blackstone the opportunity to take cash out – a […]
Lloyds Banking Group has completed another large refinancing for a private property company client’s UK portfolio. The bank has provided a new £210m five-year loan to David Pearl’s Structadene Group, replacing an existing facility provided by the bank. The deal has been priced at around 250 basis points at a conservative loan to value ratio, and the […]