The fresh capital will be used for general corporate purposes.
The debt package has a loan-to-value ratio of around 65 percent.
Real Estate Capital’s data on the latest UK and continental European real estate lending deals.
Pbb Deutsche Pfandbriefbank has provided a €37 million loan to the Swiss Lakeward Group, to fund a residential portfolio in Berlin.
Real estate market players investing in Spain through equity or debt should be aware that the struggle over Catalonian independence is not a minor setback.
UBS Asset Management has provided four loans totalling £44.5 million (€49.6 million) in Q3 through the UBS Participating Real Estate Mortgage Fund (UBS-PREMF).
AEW and Natixis Asset Management’s partnership has boosted its real estate debt team as it completes the third close of its second property debt fund at over €500 million.
Berlin Hyp has issued its second unsecured ‘green’ Pfandbrief, representing the German bank’s fourth green bond issue since 2015, with a total volume of €2 billion.
Pbb Deutsche Pfandbriefbank has provided a SKr1.4 billion (€150 million) loan to Heimstaden Bostad to finance a portfolio of residential properties in Stockholm.
AEW and Natixis Asset Management’s partnership is expected to reach a final close for its second property debt fund by December, targeting up to €700 million.