Mark Mwaungulu
The subsidiary of German lender pbb Deutsche Pfandbriefbank is speaking to investors about raising up to €500m.
The borrower acquired 50 Fenchurch Street in 2022 and plans to develop a circa £1bn office tower.
The manager’s original €450m facility has been increased, with new lenders Deutsche Bank and CACIB added.
The bank has provided a £46m loan to South Korean managers Kiwoom Securities and Hana Securities.
Sitting at one of the City of London's busiest junctions, the multi-use building's lender put its loan up for sale in January.
The German bank has provided a €130m facility to Schroders for an office portfolio.
The three-year facility to developer Princeton Investments has been originated at 60% LTV.
The loan, to developer ZAR Real Estate, includes capex for an ESG-focused upgrade of the properties.
Two domestic managers, Silverton and Pöttinger, have paired up to offer advice in cases where schemes have stalled.
The Chicago-based manager has provided a €70m facility to developers Amro Partners and Falco Capital.