DB loses property head Courbage

Cyril Courbage is leaving Deutsche Bank, where he is European head of real estate. A source working on a deal with the bank said the real estate team were surprised by his resignation after 10 years. One of Courbage’s team, Heath Forusz, has also left.

Forusz led the sale of bonds in the bank’s recent £302m securitisation of Blackstone’s Chiswick Park. CoStar has reported that M&G Investments, GE Capital Real Estate and GIC are to take part in a syndication of £305m of senior debt Deutsche bank underwrote for Blackstone’s £600m acquisition of eight Mint hotels.