Alicia Villegas
Whether by geography, sector or product, real estate finance providers are broadening their scope. Alternative lenders, particularly, are set to benefit from the drive to diversify.
Legal & General, the UK-based insurance company, has appointed Lorna Brown to develop its existing real estate debt business and expand its scope for internal and external clients.
Whether by geography, sector or product, real estate finance providers are broadening their scope. Alternative lenders, particularly, are set to benefit from the drive to diversify.
Münchener Hypothekenbank has hired Thomas Völker as head of commercial real estate international clients in order to boost the German bank’s international presence.
Lloyds Bank Commercial Banking has provided a £50 million (€56.7 million) financing through its Green Lending Initiative to a UK science parks joint venture.
UK-based development finance provider Maslow Capital has completed four financing deals totalling £74 million (€83.8 million), in a move to diversify its loan book.
Santander has issued a £916.8 million (€1 billion) commercial real estate loan securitisation, in one of the first synthetic transactions of UK commercial property assets since the financial crisis.
UK healthcare REIT Primary Health Properties has signed a £75 million (€84.3 million) refinancing facility with Aviva and a £30 million revolving credit facility with Lloyds Bank.
Germany’s HSH Nordbank has provided a €139 million loan to domestic developers Aug Prien Immobilien and DC Developments to fund a residential scheme in Hamburg.
London-based property company Eskmuir has closed an £80 million (€90.1 million) refinancing deal with Royal Bank of Scotland to fund future property acquisitions across the UK.