Cain secures £350 million (€400 million) from KKR to refinance a UK industrial and logistics portfolio; NatWest, Santander and HSBC issue a £275 million revolving credit facility to Harworth Group; Natixis Pfandbriefbank provides Germany's Phoenix Spree with a €255 million loan; the latest additions to the Real Estate Capital Europe lending database; and more in our round-up of European loan deals from the past week.
The real estate finance market responds to the UK's 2025 Autumn Budget; KKR issues £350m to Cain to refinance its industrial and logistics portfolio; Barkha Mehmedagic appointed as top commercial real estate financier at pbb Deutsche Pfandbriefbank; and more in today's briefing, exclusively for our valued subscribers.
Aareal Bank, Danske Bank and OP Corporate Bank issue €358m for Helsinki's Mall of Tripla; JPMorgan, Crédit Agricole CIB, BNP Paribas and Societe Generale issue a €500m bridge loan to Argan; Eldridge Real Estate Credit provides a £146m facility for a purpose-built student accommodation development; the latest additions to the Real Estate Capital Europe lending database; and more in our round-up of European loan deals from the past week.
The latest securitisation to be launched in Europe adds to the region’s CMBS mini-boom; three banks back a major Finnish shopping mall in a €358 million refinancing; UK developer Landsec cites squeezed returns as it pauses construction; and more in today's briefing, exclusively for our valued subscribers.
Apollo Global Management and Ares Management are close to agreeing a €1.5bn deal to refinance Blackstone's Spanish build-to-rent company; Just Group issues a £136m loan to Oval Real Estate; ING provides Accolade Industrial Fund with a €56m loan to refinance four logistics parks in Spain; the latest additions to the Real Estate Capital Europe lending database; and more in our round-up of European loan deals from the past week.
The submissions window for the Real Estate Capital Europe Awards 2025 closes soon; Tritax turns to the bond market to raise fresh capital; credit specialists consider a new cycle at PERE’s New York event; and more in today's briefing, exclusively for our valued subscribers.
Nordic manager Kinnerton Capital provides a €91m senior construction facility for a residential project in Greater Copenhagen; Puma Property Finance issues a £31m loan to fund UK care home developer North Bay; Topland Vintage Group provides debt secured by a retail and office building on London's Oxford Street; the latest additions to the Real Estate Capital Europe lending database; and more in our round-up of European loan deals from the past week.
Capital formation and deployment challenges loomed large at CREFC Europe’s London conference; Lisbon deal provides more evidence of bank appetite for data centres; The nominations deadline for the Real Estate Capital Europe Awards 2025 approaches; and more in today's briefing, exclusively for our valued subscribers.
Banco Santander, ING, in participation with other lenders, issue a €253 million development loan for a data centre in Portugal; Pollen Street Capital provides a £250 million ($284 million) revolving credit facility to MCR Property Group; OakNorth refinances two luxury retirement living assets for £88 million; the latest additions to the Real Estate Capital Europe lending database; and more in our round-up of European loan deals from the past week.
Term Sheet: Aareal completes its first SRT, back leverage helps ease refinancing challenges, Bank...
German lender Aareal Bank becomes the latest user of the growing real estate SRT market; AEW says back leverage partly explains a reduction in the debt funding gap for European real estate; the Bank of England sounds an alarm over data centre financing and AI-related asset price falls; and more in today's briefing, exclusively for our valued subscribers.