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The Eastern European property group has raised debt for offices as part of a €600m financing package.
HSBC’s exit from Canary Wharf is not a death knell for the estate. But it highlights problems facing those invested in the former financial hotspot.
Receiverships at Docklands office buildings in London suggest even prudent senior lenders will be impacted by problems in the office sector.
The transaction, on which JLL advised, was completed at a time when banks increasingly scrutinise office loans.
BF.direkt’s latest sentiment survey shows tightening credit conditions as Europe’s operating conditions worsen.
Lenders exercise caution as European office market grapples with covid-19 aftermath.
The lender has provided £150m to fund the acquisition of Deutsche Bank’s UK headquarters ahead of a major redevelopment.
The US manager will include UK offices in the lending strategy of its incoming £1.4bn debt fund.
The German lender reported a 54% profit increase despite being forced to take a write-down due to Russian counter sanctions.
Developer HB Reavis's mixed-use complex has been refinanced in a £475m transaction.