Deutsche Asset Management has provided a €45 million mezzanine loan to Ares Management to finance two designer outlet retail centres in France.
Bermuda-registered Saïd Holdings has sourced a $100 million (€85.42 million) standby debt facility from US asset manager Northern Trust.
Average gross margins across pbb Deutsche Pfandbriefbank’s new real estate lending increased to around 170 basis points during the second quarter of 2017, up from 160bps the previous quarter.
NewRiver REIT has sourced £430 million (€473 million) of new unsecured debt facilities, which will replace £414 million of its existing secured loans.
German bank Aareal has seen an increase in average gross margins of new loans underwritten during the second quarter of 2017, mainly driven by its expansion into the US market.
Liberbank, the eighth-largest bank in Spain by market value, has sold its property asset manager to Spanish servicer Haya Real Estate, which is owned by Cerberus.
Following Santander’s rescue of Banco Popular, its JV deal with Blackstone to tackle €30bn of distressed real estate assets could prove a success story for both the bank and the private equity real estate giant.
Germany’s pbb Deutsche Pfandbriefbank has provided a €66 million loan to Reico and a €51 million debt facility to BlackRock.
German mortgage bank Berlin Hyp reported a new lending volume of €3.1 billion in the first half of 2017, which represents a 6.89 percent increase year-on-year.
Tunstall Real Estate Asset Management has raised €55 million at the first closing of its new Netherlands-focused discounted pay-off debt fund.