REC staff
The €222m of proceeds from the German multi-family housing GSW loan in Goldman Sachs’ Fleet Street 3 CMBS has become the centre of a court battle among note holders. The most senior class A1 note holders want a fully sequential pay down, which would mean they receive all the money. But note holders lower down […]
Crédit Agricole CIB and Handelsbanken have provided a £60m loan to refinance the Beaumont Leys Shopping Centre in Leicester, owned by a British Land and Tesco joint venture. The five-year debt facility was used to repay an existing bank loan on maturity and return funds to the partners. Crédit Agricole acted as facility agent and […]
Crédit Agricole CIB and Handelsbanken have provided a £60m loan to refinance the Beaumont Leys Shopping Centre in Leicester, owned by a British Land and Tesco joint venture. The five-year debt facility was used to repay an existing bank loan on maturity and return funds to the partners. Crédit Agricole acted as facility agent and […]
Credit adviser proposes extending loan on €1bn German housing CMBS AgFe has been mandated on a potential restructuring of the loan underlying €1bn German multi-family housing CMBS Immeo Residential Finance No 2 (Immeo 2). Credit adviser AgFe, where Natalie Howard is head of real estate, is working for the borrower, Immeo Wohnen. It has put […]
Brookland Partners has hired Griff Winkler from Hatfield Philips to spearhead the principal side of its business. As a director, he will focus on investment and business opportunities, working with capital providers and other joint venture partners. His appointment marks the start of Brookland’s initiative to launch a debt vehicle that will provide senior whole loans, super-stretched […]
HSH Nordbank is believed to have begun talking to London office staff about redundancies. The German bank is quitting international lending to focus on its core German business. As part of this process the London team recently appointed advisers and receivers on several London sites it lent on, including Aldgate Place, E1 and Triton Court. […]
Helaba, Crédit Foncier de France and Aareal have provided €138m for the first refinancing of securitised debt in France since the crisis began. Benson Elliot Capital Management and joint-venture partner Générale Continentale Investissements used the five-year loan to pay off debt in Morgan Stanley’s ELoC 28 CMBS. Originally lent by the bank in February 2007, […]
UK property firm uses private US placement as alternative to bank debt
Ten firms line up to buy Australian property firm’s European investment manager after shareholders reject management’s £52m buyout offer
I came away from MIPIM this year with mixed feelings. There was a lot of positive sentiment, but also an underlying negativity. On the positive side: the world is awash with equity, plenty of people are talking about providing mezzanine finance and I received very positive feedback from banking clients on the debt side. But there […]