retail

The special servicer has accepted a bid for the underlying assets, which were hit by the crisis in UK retail.

The company’s managing director says its latest purchase is part of a growing portfolio of ‘essential real estate’ – for which lenders also have appetite.

With a €445m refinancing, Frankfurt's Palais Quartier – home to MyZeil shopping centre – highlights investor confidence in its prime location and strong occupancy.

The US manager has been granted a three-year extension to execute its business plan for four retail assets.

The financing replaces construction debt put into place in 2019.

Sitting at one of the City of London's busiest junctions, the multi-use building's lender put its loan up for sale in January.

After reporting a €623m loss connected to the real estate group, Zurich-based lender Julius Bär says it will refocus on more ‘traditional’ lending.

Scope Ratings listed six securitised European loans, due to mature this year, as most at risk.

The consultant’s newly launched sustainability index finds industrial properties are less impacted by sustainability than offices and retail.

The manager has provided the loan to a JV between US firm Hines and family business the Peterson Group.