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Among the past week’s noteworthy items, the owner of the biggest business estate in London’s Docklands raised £900m through its first green bond issuance.
The bank’s head of real estate finance for Germany's regions says it faced stiff competition to back the €700m Silberturm tower purchase in Frankfurt.
The private investor’s chief financial officer says financing options for its new flexible office development in Birmingham were limited.
A €296m construction financing in the German capital, led by Deutsche Hypo, was among the week’s more eye-catching items.
The manager, which was founded by former Deutsche Bank credit and real estate specialists in 2015, has already deployed €330m across seven investments primarily secured against European offices.
In a busy start to March, a UK leisure platform attracted £1.8bn of finance, banks re-upped on a London office tower loan and sponsors demanded speculative logistics debt.
Uncertainty around the office sector’s future did not deter the banks from financing 110 Bishopsgate again.
The investment manager says long leases and quality tenants are among its reasons to finance the transaction.
Market disruption caused by the pandemic will create value-add and opportunistic investment opportunities in the two sectors, according to the Swiss investment bank.
The investment manager said long leases on the office building and supermarket which secure the loan were among its reasons for agreeing to the transaction.