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Paul Yandall

Sampension has appointed former Nordea chief dealer, Theis Nygaard, to the newly created-role of credit portfolio manager. The Danish pension fund manager made the move to bolster its lending experience as it plans to lend more on commercial real estate.
Shares in newly-floated pbb Deutsche Pfandbriefbank started trading today at €11.45 each, a 6.5% premium over the €10.75 issue price. Hypo Real Estate (HRE), pbb’s owner, along with the syndicate banks and Germany’s Federal Agency for Financial Market Stabilisation, had set the offer price yesterday at €10.75 each.
pbb Deutsche Pfandbriefbank has launched its flotation offering stock at €10.75 - €12.75 per share. Hypo Real Estate, pbb's owner, set the price range together with the syndicate banks and the Federal Agency for Financial Market Stabilisation.
Handful of loans hint at return of speculative UK development finance.
Real Estate Capital market commentary • The largest deal closed was the £620m provided by Lloyds Bank, Barclays, HSBC and Qatar National Bank for Canary Wharf Group’s development of 1.6m sq ft of mainly residential space at the site formerly known as Wood Wharf. The loan, reportedly for five-and a-half years, has a margin of just over 300bps. In March, a […]
Patron Capital has purchased a loan portfolio of 941 shared equity mortgages with an outstanding balance of around £25m from housebuilder Galliford Try. The portfolio, acquired by Patron Capital’s Fund IV, is secured against properties across 101 developments mainly in the south of England. Galliford Try originated most of the loans between 2008 and 2013.
Deutsche Asset & Wealth Management (Deutsche AWM) has increased its real estate senior debt fund to €750m after raising €250m. It has allocated €400m to acquire German debt assets and €350m to opportunities in France, Italy, Spain and the United Kingdom.
CNM Estates has appointed Natale Giostra its head of treasury and capital markets. The move sees Giostra, the former head of real estate financing at Gatehouse Bank, switch sides to become a borrower responsible for raising capital for CNM Estates’ projects.
M&G Investments has provided a £22m, 35-year facility to Staffordshire Housing Association. The loan will be used to refinance the housing association’s existing debt as well as develop 200 new social housing homes in the Staffordshire region of the West Midlands.
Real Estate Capital’s US-based website editor, Al Barbarino, has won Gold at the National Association of Real Estate Editors’ 65th Annual Real Estate Journalism Awards.

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