REC staff
Starwood Capital issues a €437 million loan secured by thousands of German residential units; SEGRO receives a €1.6 billion revolving credit facility; Wells Fargo and Deutsche Bank provide Kennedy Wilson and AXA IM Alts with a $510 million refinancing facility secured by an Irish residential portfolio; the latest additions to the Real Estate Capital Europe lending database; and more in our round-up of European loan deals from the last two weeks.
The Aldgate Tower office building in London is refinanced following extensions to its outstanding debt; Blackstone completes its first Norwegian property lending deal as alternative lenders explore the Nordics; Leumi UK arranges a loan-on-loan facility for a UK manager; and more in today's briefing, exclusively for our valued subscribers.
Patron Capital Partners is the latest high-profile manager to expand into the debt market; Blackstone fuels the European CMBS market with a major UK deal; The privatisation of some UK listed REITs gets closer; and more in today's briefing, exclusively for our valued subscribers.
There is a significant piece of news – and positive at that – from the capital markets, despite a quiet week for European real estate debt otherwise. US manager Blackstone today confirmed it has securitised €798 million of debt held in the UK Logistics 2025-1 DAC. Besides this deal, six loans totalling €144 million of debt capital were recorded by Real Estate Capital Europe in the past week and they were all in the UK. Loans included a £62 million hotel refinancing issued by Leumi UK. Find out more about these loans below, plus the other latest additions to the REC Europe lending database in this week's round-up of lending activity.
Real estate lenders try to make sense of the potential impacts of US President Donald Trump’s tariffs; Brookfield seeks an extension to securitised debt behind a German residential portfolio; Blackstone’s head of real estate debt in Europe to retire, with a replacement lined up; and more in today's briefing, exclusively for our valued subscribers.
Six loans totalling €1.89 billion of debt capital were recorded by Real Estate Capital Europe in the past week. They included: €1 billion of fund-level finance provided to support a fresh strategy for a vehicle managed by CBRE Investment Management; another sizeable loan by Aareal Bank in its favourite sector; and pbb Deutsche Pfandbriefbank's €120 million financing of a Polish logistics portfolio. Find out more about these loans below, plus the other latest additions to the REC Europe lending database in this week's round-up of lending activity across the European market.
Real estate debt professionals consider the impact of Trump’s tariffs on the industry; Brookfield asks for time to restructure debt held against the Citypoint office tower in London; CBRE Investment Management sources €1 billion of financing to support its plans for a European property fund; and more in today's briefing, exclusively for our valued subscribers.
Welcome to the first edition of Real Estate Capital Europe's weekly loans newsletter, which rounds up the latest lending deals in European real estate. REC Europe tracked loans totalling €850 million in the last week. Among the newest debt deals is a ¥30 billion (€185 million) loan issued to European logistics manager CTP via the yen-denominated, cross-border syndicated loan market. Also included, is a £300 million (€360 million) refinancing to London-listed Warehouse REIT issued by an HSBC-led club. To see our full collection of loans transactions, go to the REC Europe lending database.
UK logistics company Warehouse REIT, which is subject to a takeover bid, secures a major refinancing; German manager DWS to hit the fundraising trail for its whole-loan strategy; EBA data shows commercial real estate NPLs are creeping up in the eurozone; and more in today's briefing, exclusively for our valued subscribers.
As US firms target UK REITs, Real Estate Capital Europe considers the financing implications; A second Blackstone CMBS this year comes to market; Ireland’s I-RES secures €900 million in a major refinancing; and more in today's briefing, exclusively for our valued subscribers.