Term Sheet: The ECB’s rates cut, Incus’s strategic hire for Germany, LBBW and Delancey’s £235m office loan

The ECB interest rates cut is given a measured welcome by European real estate industry professionals; Spain’s Incus Capital hires with a view to expanding in Germany; LBBW and Delancey’s London refinancing demonstrates lender support for prime offices; and more in today's Term Sheet, exclusively for our valued subscribers.