Real Estate Capital Europe’s Active Lenders 2024 process kicks off with a call for submissions; a circa €600 million refinancing of the landmark Coeur Défense office complex in Paris demonstrates lender support for trophy assets in the sector; Starwood’s aim to secure an extension to a securitised Spanish loan highlights borrowers’ negotiations with creditors amid challenging market conditions; and more in today's briefing, exclusively for our valued subscribers.
Canary Wharf Group makes progress as it addresses its outstanding debt but has more refinancing ahead of it; Brookfield targets the sale of a large London office tower as a debt deadline looms; Blackstone sources a major refinancing of its iQ Student Accommodation platform; and more in today's briefing, exclusively for our valued subscribers.
German landlord LEG launches a €500 million convertible bond as it addresses debt maturities; Blackstone and Brockton test lender appetite for flexible offices with major refinancing; Sweden’s central bank is keeping its eye on banks’ exposure to real estate companies; and more in today's briefing, exclusively for our valued subscribers.
US manager Blackstone’s granting of a loan extension to private equity firm Henderson Park illustrates the challenges lenders and borrowers are working to solve in today’s market; German manager DWS looks to the US to grow its property lending activities as it makes key hires; the European Central Bank is concerned about lenders’ valuation approach when it comes to real estate; and more in today's briefing, exclusively for our valued subscribers.
German lender Aareal’s latest results provide an insight into market conditions, including for office lending; BNP Paribas’ reported bid for AXA Investment Managers promises to make waves in financial services, including real estate management; Deutsche Bank recoups its capital following a refinancing of Birmingham’s Mailbox; and more in today's briefing, exclusively for our valued subscribers.
US private equity firms make £775m preferred equity investment in London's Wembley Park; Supermarket REIT refinances with a mix of private placement and bank debt; the value of the Walkie Talkie falls by £400m since 2017; PIMCO tells lenders and borrowers to "face the music"; and more in today's briefing, exclusively for our valued subscribers.
The chief executive of the Frankfurt-headquartered bank said he has not seen the recovery in 2024 he had expected.
The owner of London’s Aldgate Tower agrees to inject equity as the loan against the office building comes due; Cheyne Capital joins forces with an insurer in a large-scale London hotel sector refinancing; ADIA puts further emphasis on real estate debt with a commitment to Arrow Capital’s lending strategy; and more in today's briefing, exclusively for our valued subscribers.
The lowering of the credit ratings on the CMBS notes that finance The Squaire office and hotel building in Frankfurt highlights the challenges facing German real estate; Stuttgart-based debt platform BF.capital plans to target transitional lending opportunities with a €300 million fundraising effort; real estate services firm Newmark hires Steve Williamson from CBRE for its European debt advisory business; and more in today's briefing, exclusively for our valued subscribers.
Real estate industry professionals hope for stability for the UK following the country’s election, but are fearful for France’s future following its vote; residential owner Aroundtown raises capital through the bond market; BNP Paribas REIM says the market is in recovery mode; and more in today's briefing, exclusively for our valued subscribers.