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Situs has hired a new executive managing director of lending risk and advisory services to broaden the focus of the business into new areas including residential. Tim Keast is joining from Clayton Euro Risk where he was chief executive and president. He will head a new division focused on due diligence and risk advisory for […]

The most senior tranche of Deutsche Bank’s Dutch CMBS has been priced at below 100 basis points. The bank’s €250.04m DECO 2014-TULIP has a senior tranche of €170m that has a coupon of 98 basis points above three month Euribor. The CMBS is made up of two loans made by the German bank: one to […]

Lone Star has bought another €600m of European non-performing real estate debt, winning part of Ulster Bank’s Project Achill sale, Real Estate Capital can reveal. The US private equity firm has bought half of all  the Project Achillloans at a discount of around 35%, paying about €390m. The whole €1.2bn Achill portfolio was secured against […]

Apollo Global Management has bought a junior tranche of £200m of debt secured against one of London’s most luxurious apartment buildings, Real Estate Capital can reveal. The private equity investor is close to concluding a purchase of £39m of debt held against Grosvenor House Apartments on Park Lane in the West End from Deutsche Bank. […]

Axa Real Estate Investment Managers has provided a €75m unsecured loan facility to Vastned, the Dutch-listed European retail property specialist. The loan has a term of seven years and a floating interest rate with a “competitive margin”. Axa is the largest pan-European real estate financier among insurers, led by global head of real estate Isabelle […]

Kennedy Wilson has raised more capital for investment by increasing its gearing via a £184m, five-year term loan Royal Bank of Scotland. The loan is secured on assets in the UK Jupiter portfolio which Kennedy Wilson Europe Real Estate bought in June, for £296m. Quoted KWERE raised  £1bn through an initial public offering in February last year […]

Citi has financed Blackstone’s latest round of Continental purchases for its logistics platform, Logicor. The bank has provided a five-year loan of €285m to fund thepurchase of 17 assets from SEB,  bought for €270m in July, and six Spanish assets that were bought from Gran Europa for €130m in August. The deal reflects a loan-to-value […]

Clarence Dixon, CBRE’s chief operating office of its Debt Services division, has been promoted to global head of loan servicing. In his new role he will continue to oversee loan servicing in Europe but also become active in the US, joining the board of CBRE’s North American servicing platform, GEMSA and help set up a […]

Helaba and Handelsbanken have teamed up provide £325m of refinancing for a UK retail portfolio held by a joint venture between British Land and Tesco. The German and Swedish banks, respectively, have each provided half of a new five-year term loan for Tesco BL Properties, secured against two retail parks, five shopping centres and four […]

Lloyds Banking Group is shaking up its real estate lending operation and has appointed John Feeney to lead an expansion of the bank’s property business. Lloyds told staff this morning that it is to streamline two of the three property divisions at the bank. The change will see Feeney take over responsibility for all real […]