Alicia Villegas
The firm enters property lending as it aims to exploit the ‘attractive’ alternative the asset class offers to direct equity investment.
The London-based firm is launching a lending division for the industrials sector, targeting an ‘undersupply’ of finance outside the prime market.
The seven-year facility will finance the acquisition of 165 Fleet Street by a Chinese borrower as capital from the continent drives record investment volumes in the sector.
DekaBank and pbb provide a €117.3m loan for three prime industrial facilities in Germany as local banks continue to benefit from burgeoning institutional investment.
Deleveraging of non-core European real estate debt was 60% higher in H1 2017, year-on-year, according to Evercore.
The securitisation of debt linked to a logistics property achieved 75bps for its highest-rated notes, following a trend of constricted prices in the market.
The financing of a shopping scheme in the country demonstrates banks’ returning appetite for real estate debt.
The London-based debt provider lent £100m across four residential and student accommodation deals in June.
Helaba and pbb Deutsche Pfandbriefbank have backed a portfolio owned by Globalworth.
The French REIT sources its second debt facility to be indexed on its GRESB rating.