Lending terms for prime European properties were relatively unchanged between Q1 and Q2.
The firm's latest data shows that retail yields and lending margins are both rising.
US investment giant BlackRock has closed its first dedicated European real estate debt fund on €609 million; German manager Capital Bay aims to raise €1.5 billion for its property loan fund; Frogmore and Morgan Stanley secure finance for London’s Notting Hill Gate Estate; and more in today’s briefing, exclusively for our valued subscribers.
Patrick Kanters of APG Asset Management discusses debt’s place in the investor’s portfolio; Nuveen hires property credit specialist Peter Hansell from Cairn Capital; ING and UniCredit provide a €130 million green loan in the heart of Milan; and more in today’s briefing, exclusively for our valued subscribers.
Kinetic Capital secures backing from StepStone Real Estate for student housing lending; Tikehau Capital exceeds its target as it closes its second opportunistic vehicle; real estate mogul Tom Barrack pleads not guilty to illegal lobbying charges; and more in today’s briefing, exclusively for our valued subscribers.
Kennedy Wilson secures a €700m capital commitment for its real estate lending drive; Tyrus Capital launches a third vehicle for its mid-market loans strategy; CBRE figures show a year-on-year improvement in European property investment; and more in today’s briefing, exclusively for our valued subscribers.
Berlin Hyp and BentallGreenOak back repositioning projects in Amsterdam and London; Cerberus acquires Spain’s biggest distressed portfolio of the covid era; credit veteran Peter Weidman leaves Goldman Sachs; and more in today’s briefing, exclusively for our valued subscribers.
US lender Morgan Stanley launches a securitisation of a loan backing London’s Aldgate Tower; Aviva provides a £276 million (€323 million) sustainable loan to UK landlord Bruntwood; Cain International and FREO Group source €100 million of bank debt for their Munich development; and more in today’s briefing, exclusively for our valued subscribers.
Lone Star makes its return to the UK hotels market with a £100 million-plus loan; Madrid-based Incus Capital targets a new €500 million credit fund with real estate debt in the remit; the private real estate industry’s most influential women are recognised; and more in today’s briefing, exclusively for our valued subscribers.
Apollo enters an agreement to target distressed Italian property loans; AXA issues a €500 million green bond for its open-ended core fund; Bank of America and Morgan Stanley launch a CMBS for Brookfield’s retail park portfolio; and more in today’s briefing, exclusively for our valued subscribers.