Alicia Villegas
Oaktree Capital Management has bought a portfolio of non-performing loans with a nominal value of €150 million from Sareb, Spain’s ‘bad bank’.
As we enter a new year, real estate markets are changing fast and lenders should reconsider assumptions about property fundamentals, writes Yolande Barnes, head of Savills World Research.
Berlin Hyp and Erste Group Bank have financed the Warsaw property portfolio of Austrian developer Immofinanz with a €205 million loan.
Aviva Investors has completed two commercial real estate finance transactions to Lazari Investments totalling £145 million (€163 million).
Deutsche Bank has acquired a portfolio of non-performing loans with a nominal value of €375 million from Sareb, Spain’s ‘bad bank’.
Schroder European REIT has signed a €13 million loan with Banque Populaire in France.
Immofinanz, the Austrian property developer, has refinanced around €1.6 billion of debt this year, representing 60 percent of the group’s financial liabilities by end of September.
St Modwen Properties, the UK real estate investor and developer, has sourced a £475 million (€538 million) unsecured revolving credit facility from a syndicate of banks.
French alternative investment fund manager Zencap Asset Management has closed its second real estate debt fund, focused on providing credit to value-add and opportunistic deals.
French fund manager Amundi is aiming to build on its track record in real estate investment by entering the property lending market.