Kennedy Wilson Europe (KWE) has appointed Fraser Kennedy as head of finance.
Kennedy will lead KWE’s 19-strong finance team and will report to Mary Ricks, president and chief executive of KWE.
Development lending is predicted to increase by more than a third this year to £10bn, according to a report from the Investment Property Forum (IPF). Based on a survey of 35 lenders and 31 borrowers, financing for development for 2015 will reach £9.98bn in the UK, up from £7.45bn last year. However, cost inflation, particularly […]
RealtyMogul.com has received $35m in Series B venture capital financing led by Sorenson Partners with additional funding from Canaan Partners.
Deutsche Bank is bringing its pan-European €316m DECO 2015 Charlemagne CMBS to market before August's summer slowdown.
The CMBS is a securitisation of three loans secured by office, industrial and retail assets worth €493m. The assets are located in the Netherlands, Belgium and Germany.
Helaba is providing a €120m loan to Crédit Agricole to refinance its Tivoli office complex in Paris. The German bank is acting as the sole lender and arranger in the deal.
Eastern Consolidated has arranged a $42m bridge loan for Triple Star Realty's purchase of a waterfront construction site in the Flushing neighborhood of Queens, New York that will be developed into a mixed-use complex.
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.
PNC Financial Services has provided a $93.5m first mortgage loan for the acquisition of the two-building Aventine office and retail complex in San Diego, California. The loan, which carries a loan-to-value ratio of about 62 percent, funds Massachusetts-based Rockpoint Group’s $150m acquisition from Blackstone. The 240,000 sq ft complex is made up of an office […]
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.
A $116.5m loan backing the Fair Lakes Office Park in Fairfax, Virginia has been sent to special servicing due to imminent monetary default, according to research and data firm Trepp.