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Senior debt
European commercial real estate investment activity was subdued in the first half of 2019. CBRE data show overall volumes were down 19 percent in H1 2019, year-on-year, to €120 billion. However, debt markets remained relatively active, with refinancing deals supplementing acquisition financing transactions. CBRE’s European Debt Map for Q2 2019 showed that in nine out […]
Patrick Walcher has taken the helm at LBBW’s restructured property lending business. Daniel Cunningham talks to him about his plans.
London & Regional has sourced a debt facility topping £300m to refinance the Mayfair hotel.
The French asset manager, which is closing in on its first lending deals, will write senior loans on core, core-plus and value-add properties across continental Europe.
ICG-Longbow, the real estate debt-focused arm of Intermediate Capital Group, has held a final close of its third senior debt fund on £370 million (€409 million).
The sharp fall in five-year swaps has depressed forecast returns for UK senior debt, from 3.7 to 3.3 percent.
Amid continuing low interest rates, ease of availability and low return requirements, senior loans in Germany are tipped to “increase in attractiveness in the future” according to the EY Real Estate Capital Radar Germany 2016 report.
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Deutsche Bank is financing the €160m acquisition of eight Spanish retail assets for GreenOak Real Estate and Grupo Lar in a further sign of lender interest picking up in Spain. The ticket size is believed to be around €100m and the German bank is understood to have beaten several other investment banks to win the […]