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UBS Asset Management has provided four loans totalling £44.5 million (€49.6 million) in Q3 through the UBS Participating Real Estate Mortgage Fund (UBS-PREMF).
AEW and Natixis Asset Management’s partnership has boosted its real estate debt team as it completes the third close of its second property debt fund at over €500 million.
Pbb Deutsche Pfandbriefbank has provided a SKr1.4 billion (€150 million) loan to Heimstaden Bostad to finance a portfolio of residential properties in Stockholm.
AEW and Natixis Asset Management’s partnership is expected to reach a final close for its second property debt fund by December, targeting up to €700 million.
Deutsche Hypo will open a new office in Spain this year, as the German bank prepares to re-enter a market from which it pulled back in 2013.
Allianz Real Estate seeks to execute €2 billion of new debt investments.
Average lending margins across European real estate finance markets have increased in the last six months, while leverage has crept up in selected cities, according to new research by Cushman & Wakefield.
Germany’s Aareal Bank has provided a £330 million (€375 million) senior financing of London-based investor Henderson Park’s debut deal in the UK hotel market.
Allianz Real Estate has provided a €300 million loan to finance ‘Window’, a prime office building in Paris’ La Défense business district.
Real estate activity in the country remains strong on bullish demand for London core assets from overseas players, argued lender panellists at the recent LMA’s Syndicated Loans conference.