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US investor Kennedy Wilson and its equity partner Fairfax have sourced a €45 million debt package to refinance the existing development loan on the second phase of the Clancy Quay residential scheme in Dublin.
The portfolio is made up of €342 million in residential assets, land and work-in-progress properties amounting to €180 million and retail assets worth €80 million.
Pbb Deutsche Pfandbriefbank has provided a €37 million loan to the Swiss Lakeward Group, to fund a residential portfolio in Berlin.
Pbb Deutsche Pfandbriefbank has provided a SKr1.4 billion (€150 million) loan to Heimstaden Bostad to finance a portfolio of residential properties in Stockholm.
M&G Investments is to provide a £517 million (€579 million) whole loan for the development of 1 Grosvenor Square in central London.
The UK student accommodation sector is facing headwinds, writes Hayley Scott of Investec Structured Property Finance.
UBS Asset Management has provided a £17 million development financing facility to Inspired Asset Management to fund a ‘micro-apartment’ scheme in Greater Manchester.
The UK government’s plan to fix the country’s housing crisis contains some nuggets for lenders, but has failed to generate much excitement.
ASK Property Investment Advisors, the private equity arm of Indian financial group ASK, has launched a INR2 billion special situations fund in the residential real estate market.
The improvement in the credit environment is putting Chinese real estate developers in a better position to secure funding, but potential risk factors continue to exist, especially for smaller developers, according to a CBRE report.