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Schroder European REIT has signed a €13 million loan with Banque Populaire in France.
St Modwen Properties, the UK real estate investor and developer, has sourced a £475 million (€538 million) unsecured revolving credit facility from a syndicate of banks.
French alternative investment fund manager Zencap Asset Management has closed its second real estate debt fund, focused on providing credit to value-add and opportunistic deals.
French fund manager Amundi is aiming to build on its track record in real estate investment by entering the property lending market.
German bank pbb Deutsche Pfandbriefbank has provided a €140 million loan to local developer Gerchgroup to fund a land acquisition in Cologne, Germany.
Deutsche Hypo’s purchase by one of its rival real estate lenders could prove a canny move.
The firm’s Europe debt head Jim Blakemore (pictured) says fundraising for the regional vehicle was ‘a lot easier’ than it was for its first UK debt product thanks to investors being more comfortable with the strategy nowadays.
Poland’s Bank Pekao has written a €200 million loan to refinance the Galeria Północna retail park in Warsaw.
DRC Capital has closed its third mezzanine and whole loan fund on £600 million (€682 million).
Lloyds Bank Commercial Banking, through its partnership with group insurer Scottish Widows, has provided a £40 million loan (€45.27 million) to UK real estate investment trust LXi REIT.