The European Commission (EC) will discuss its plan to relaunch the European securitisation market at a new event in London.
The Future of European Securitisation conference on November 11, organised by City & Financial Global, is expecting around 100 delegates from the financial services sector.
Goldman Sachs, CarVal and Bank of Ireland have bought a portfolio of Irish commercial loans from Lloyds Banking Group for £827m. The loans, made to small and medium sized businesses in Ireland, are mostly secured against commercial property.
Starwood Property Trust has provided Connecticut-based Wheelock Street Capital with $88.6m for the acquisition of Renaissance Las Vegas Hotel in Las Vegas, Nevada, Real Estate Capital has learned.
Lender appetite for risk has dropped sharply, as has optimism with respect to borrower demand, according to a new report from the Real Estate Lenders Association (RELA) and economist Sam Chandan.
Deutsche Asset & Wealth Management (Deutsche AWM) has provided a €36m facility to UBS Global Asset Management for its €70m purchase of Zielo Shopping Centre in Madrid.
The medium-term loan reflects a loan-to-value of just over 50% and is Deutsche AWM’s first debt investment outside Germany following the second close of its real estate senior debt fund.
Of the major property types, large floating rate loans (LLFs) issued between 2005 and 2007 and tied to hotel loans have been the worst hit, accounting for more than half of all losses, according to Fitch Ratings.
AXA backs development of Cappella Museum District in Houston
pbb Deutsche Pfandbriefbank has provided an €80m, five-year loan to Investa Immobiliengruppe for its purchase of a German commercial real estate portfolio.
Property developer and manager Investa bought the New Wave portfolio of 41 inner-city assets from Eurocastle Investment, an affiliate of Fortress Investment, earlier this year.
JP Morgan Investment Management has provided a $180m loan to The Georgetown Company for the acquisition of an automotive dealership and service facility most recently owned and occupied by The Ford Motor Company.
Allianz Real Estate has taken a €365m slice of Aareal Bank’s €630m loan to NorthStar Realty Finance.
It is the German insurance company’s first cross-border financing of a pan-European portfolio.