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Germany’s HSH Nordbank has been sold to a private equity consortium. Doug Morrison asks what that means for its real estate lending business.
Lloyds has led the £390m financing of the mixed-use project in Shoreditch.
The funding line will help Hillview’s real estate fund target acquisitions in the UK office sector.
A loan deal between ING and Gecina is the first to be indexed on its GRESB rating.
The bank recorded €1.9bn in fresh CRE business last year, with solid activity in the UK, Spain and the Netherlands also contributing to the 13% year-on-year increase.
The private lender has provided a £53.9m loan to Meadow Partners for a London development.
The specialist lender is targeting double-digit returns in the UK bridge finance market.
Full-year 2017 results show mixed fortunes for Germany’s real estate lenders and most expect a challenging year ahead.
The 10-year debt facility, with a fixed interest rate, will be used to finance the seed portfolio of a vehicle managed by Corestate on behalf of the German pension fund.
With a year to go before the UK’s EU divorce is finalised, its effect on the property debt market is looking complicated.