June 2013 Issue
Property borrowers go West for the funding banks shun
WEST ONE LOANS In the second in a series on specialist lenders, Doug Morrison profiles a leading bridging provider
New players help pull margins down as lending ranks swell
REAL ESTATE LENDING Banks hike property lending targets as new providers intensify competition, reports Jane Roberts
New loan programme sees Aalto get Intu financing role
SPECIAL REPORT Role in Adelphi and Intu loan deals heralds newcomers’ senior debt push, reports Jane Roberts
Pricoa adopts a mid-Atlantic accent for European dealings
SPECIAL REPORT Insurer offers US-style loans in Continental property lending campaign, reports Alex Catalano
Lloyds hungry for £6bn slice of bigger property lending pie
REAL ESTATE LENDING Bank ramps up property lending target for 2013, as lenders’ appetites grow, reports Jane Roberts
Packed field crowds German banks out of UK comfort zone
REAL ESTATE LENDING German lenders may have to move up risk curve to sustain business in UK, reports Alex Catalano
Debt vehicles take slow drive into Euro property financing
Funds start targeting harder-to-enter French and German senior debt market, writes Lauren Parr
LGP steps back to let investors take industrial fund forwards
IPIF EXTENSION Manager put investor committee in driving seat to negotiate IPIF’s extension, writes Jane Roberts
LGP’s IPIF captures Falcon as investors drive extension
Merger with rival Falcon Property Trust follows seven-year extension for Industrial Property Investment Fund, in process driven by investor group
Project Regent is next on the block as fund unit sales rise
European pension fund lines up sale of €100m-plus fund-unit portfolio
Hatfield Philips embroiled in Windermere resignation row
Special servicer neither terminated nor resigns from Windermere duties
Gagfah pulls off €2bn CMBS in biggest post-crash issue
Larger-than-expected deal refinances German multi-family resi assets
People
Latest moves
Wave of loans shows banks’ backing for regional projects
Banks fund development and asset management in Midlands and North
US insurers aid Workspace refinancing
Non-bank lenders play big role in £410m, unsecured refinancing for UK business space provider
German property giant takes big step into the UK regions
PATRIZIA Having bolted on a UK, French and Irish arm with its acquisition of Tamar, Germany’s Patrizia is blazing a trail beyond safe London assets into regional UK investment, reports Doug Morrison