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The growth rate in new German commercial property finance business halved during 2016 to 10 percent and is set to decrease to 5 percent this year, the latest German Debt Project Report has shown.
Pbb Deutsche Pfandbriefbank has provided €36.5 million to finance the acquisition of four office buildings in Finland in the latest of a series of deals it has recently agreed in the strategically important Nordic markets.
BNP Paribas Asset Management – recently rebranded from BNP Paribas Investment Partners – has established a division focusing on private credit investments, according to a company announcement. The division is branded as the firm’s private debt and real assets investment group.
Japanese bank Nomura has provided a €104 million loan to European real estate fund manager Aerium to refinance the H20 office building located in Luxembourg.
Natixis and BNP Paribas have written a €250 million loan to finance Data4, a pan-European owner of data centre properties.
The second real estate debt fund raised by AEW Europe and the asset management arm of French bank Natixis has provided a €35 million participation a French portfolio financing.
Pbb Deutsche Pfandbriefbank and Helaba have written a €225 million loan to refinance debt secured by a 13-strong mixed-use portfolio in the Netherlands.
Allied Irish Bank (AIB) has provided a €32 million loan to Marathon Asset Management to finance a retail park owned by the US investor in Dublin’s southern suburbs, Real Estate Capital has learned.
Tishman Speyer has financed its acquisition of a Paris office tower with Aareal Bank and La Banque Postale.
The two lenders jointly provided €215 million for the 41,000 sq metre building in La Défense which used to be known as Tour Dexia after one of its major tenants.
Pbb Deutsche Pfandbriefbank has provided a €20 million loan to the Département du Finistère in France to finance the renovation of several infrastructure projects including road networks and colleges.