May 2013 Issue

    Month: May
    Year: 2013

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    Recent property lending deals

    The loan syndications market has picked up, with Insight Investments having taken a participation in three separate deals. The asset manager is buying for its 2007 loan fund, which both buys and originates debt. It took a £25m position in Adelphi, as well as a stakes in Maybourne’s and Intu’s debt. Three deals this month have […]

    New syndications boost to debt distribution market

    Investment banks’ activity in debt distribution ramping up with increase in loan underwriting syndications agreed on hotels, retail and London offices

    Leisure endorsed as L&G raises £70m in fresh equity

    Equity raise oversubscribed as four new multi-manager investors sign up

    Growing appetite for multi-family housing proves a boon to GAGFAH

    German property company to increase size of its next CMBS to €1bn following success of Taurus

    Pricoa makes seven-year £50m loan to Hines for Canary Wharf office buy

    US insurer issues third central London loan as competition to finance capital’s assets heats up

    Korean investor buys City trophy with German debt

    Pinsent Masons HQ is Samsung SRA’s first overseas investment

    Secondary European funds portfolio goes to US buyer

    10 holdings in Project Carnaby with a value of €80-€90m under offer

    APG joins Pramerica again for third European launch

    Dutch pension fund manager commits to €520m junior debt vehicle

    Thirst for yield sees investors rush to buy new €1.07bn Taurus 2013 CMBS

    Payment formula to Bank of America Merrill Lynch ignores investors’ wish for subordination

    Europe faces up to ticking timebomb of terminations

    FUND TERMINATIONS Wave of maturities breaks as values are falling and returns turn negative, reports Jane Roberts

    Cautious optimism declared in ‘reshaping’ lending market

    CREFC EUROPE CONFERENCE REPORT Lauren Parr reports from the Commercial Real Estate Finance Council’s Spring Conference

    Three key deals open rented housing’s door to institutions

    RESIDENTIAL PRUPIM and APG deals show institutions warming to private rented sector, writes Doug Morrison

    Last deal for PRUPIM chief is first for private rented sector

    RESIDENTIAL M&G is first institution to make big return to resi, in deal overseen by property arm’s retiring head

    New entrants banking on a sustained housing recovery

    RESIDENTIAL As corporate activity flickers into life again, Doug Morrison says it’s different from pre-crisis takeovers

    Big Exposure schemes put small lender in the spotlight

    In the first of a series on niche lenders, Doug Morrison talks to south-east based Urban Exposure RESIDENTIAL

    Manchester gets authority to invest in private rented sector

    RESIDENTIAL Pilot project to build 240 homes may be blueprint for other local authorities, writes Doug Morrison

    Standard Life takes the slow and steady route to success

    STANDARD LIFE Two years into the job, David Paine is moving the Scottish firm into new areas. By Alex Catalano