Neil Crosby, of Reading University, is advising the Bank of England on methods for calculating long-term sustainable value for use in UK lending.
New York-based real estate firm Eretz Group has refinanced the mortgage on its Midtown office tower at 295 Madison Avenue with a $59 million loan from Bank of China.
The Loan Market Association (LMA) has launched new documentation intended to standardise German-law real estate loan agreements.
New York Life Insurance Co. and TIAA-CREF teamed up to place a $648 million loan on the acquisition of two Boston office buildings.
Bank of America has provided a $39 million loan to a joint venture between Urban Renaissance Group (URG) and Iron Point Partners for the acquisition of the SeaTac Office Center in the SeaTac, Washington.
German bank Helaba has arranged a kr1.022 billion (€111.2 million) financing of Tristan Capital Partners’ purchase of a Norwegian retail warehousing portfolio.
Norwegian life insurance company Storebrand has taken a participation in the deal.
Oxford Properties and Brockton Capital are close to sourcing development finance to fund their revamp of the former Royal Mail Sorting Office site in London’s Midtown area, Real Estate Capital has learned.
Cornerstone Real Estate Advisers Europe has continued its European expansion drive with the appointment of former Standard Life Investments portfolio manager Séverine Laffineur as Head of France.
Swedish bank SEB has provided a kr850 million (£64.4 million) loan to TH Real Estate to finance its purchase of a shopping centre in the southern Swedish city of Lund, Real Estate Capital can reveal.
Bank of America has provided the financing behind Rockwood Capital’s $120 million acquisition of the South Coast Collection (SOCO), a Costa Mesa, California shopping destination, Real Estate Capital has learned.