A majority of property investors (71 percent) have a currency hedging strategy in place, with more than half of these (52 percent) hedging US dollars, according to research from INREV and academics at Western Sydney University.
Real estate developer and investor Thor Equities has hired Fess Wofse as its new chief financial officer, based in its New York headquarters.
TH Real Estate has sourced £210 million of debt from Royal Bank of Scotland and BNP Paribas to finance its UK retail fund, Real Estate Capital has learned.
The private owner of the 5 Churchill Place office building in London’s Canary Wharf has agreed a refinancing of the property with Citi and Bank of Ireland.
The second real estate debt fund raised by AEW Europe and the asset management arm of French bank Natixis has provided a €35 million participation a French portfolio financing.
Marketplace lender LendInvest has syndicated a £12 million (€13.8 million) loan for a real estate development in London's Canary Wharf to Merseyside Pension Fund, according to Real Estate Capital's sister publication, Private Debt Investor.
CBRE’s specialist property finance unit, CBRE Capital Advisors, has launched a dedicated team in France under the watch of the firm’s former valuation advisory head Abdallah Ould Brahim.
ING Real Estate Finance and Bilbao-based BBVA have provided €104 million of debt finance to Spanish SOCIMI Lar Espana Real Estate.
The view from La Croisette
Allianz Real Estate has taken a participation in the senior financing of the CityPoint tower in the City of London, as it continues to build a UK loan book.