Real Estate Capital can now reveal the winners of its second annual awards, recognising the leading organisations and the stand-out deals in the European and US real estate debt markets during 2015.
ING Real Estate Finance, Blackstone and Eastdil Secured were among the big winners on both sides of the Atlantic, each scooping three awards.
The full list of winners can be found at the bottom of this article.
ING, which missed out on an award in 2014, was voted 2015’s European bank lender of the year. As recently reported by Real Estate Capital, the bank lent €13.7 billion in 2015 across new loans and refinancing deals. The Dutch lender was also awarded the European financing of the year, alongside Natixis CIB, for underwriting the €670 million loan which financed AEW Europe and CIC’s purchase of the pan-European Celsius retail portfolio.
ING was also named as one of the parties involved in the European residential financing of the year; the €331 million loan arranged by Deutsche Hypo to finance Patrizia’s purchase of 5,500 Dutch homes. Deutsche Pfandbriefbank was also a lender in this landmark deal for the Netherlands market.
Eastdil Secured was recognised for its advisory business in both the European and US markets. The firm was voted European debt adviser of the year, having advised on more than $40 billion of debt placement and loan sales in Europe. As US debt broker of the year, Eastdil advised on $22.7 billion of deals in New York alone.
Completing its hat-trick, Eastdil was 2015’s European loan sale adviser of the year after selling more than €12 billion of debt for clients including NAMA and RBS.
Blackstone was the European borrower of the year, perhaps explained by the fact that the New York-based firm borrowed €13 billion across 50 deals. In the US, the firm was voted non-bank lender of the year, with more than $13.4 billion of loans written or acquired in what was a record year for the Blackstone Real Estate Debt Strategies division, led by Mike Nash. Also in the US, Blackstone was awarded the financing of the year accolade for its $320 million backing of New York’s iconic Woolworth Building.
AXA Investment Managers – Real Assets was another notable winner. The Paris-based firm was voted as last year’s top insurance company lender in Europe, after lending €4.7 billion in a record year. The insurer also won the award for the European debt capital raising of the year, on the back of its €2.9 billion final closing of the Commercial Real Estate Senior 9 fund, one of Europe’s largest real estate debt funds.
In the US categories, Wells Fargo was voted bank lender of the year, after originating around $40 billion during the year. The purchase of $9 billion of loans from GE Capital as part of a global deal helped to boost Wells Fargo’s loan book.
The Real Estate Capital Awards has expanded since its inaugural year in 2014. The number of categories has increased from 20 to 27, including five additional US awards.
The shortlists were compiled by our editorial teams, after taking soundings from the market. The winners, were voted for by you, our readers. Voting took place during December and January and thousands of votes were recorded.
Thank you to all who voted and congratulations to the winners.
- Bank lender of the year: ING REF
- Non-bank lender of the year: AgFe
- Financing of the year: ING, Natixis CIB for the Celsius portfolio
- Development financing of the year: Sumitomo Mitsui Trust Bank, Sumitomo Mitsui Banking Corp for first phase of White City, London
- Residential financing of the year: Deutsche Hypo (with ING REF and pbb Deutsche Pfandbriefbank) for Project Wilhemina housing deal
- Insurance company lender of the year: AXA Investment Managers — Real Assets
- Mezzanine lender of the year: DRC Capital
- CMBS arranger of the year: Deutsche Bank
- Borrower of the year: Blackstone
- Fund manager finance team of the year: Tristan Capital Partners
- Debt capital raising of the year: AXA Investment Managers — Real Assets
- Debt adviser of the year: Eastdil Secured
- Debt work-out adviser of the year: Hatfield Philips International
- Loan seller of the year: National Asset Management Agency
- Loan buyer of the year: Cerberus Capital Management
- Loan sale adviser of the year: Eastdil Secured
- Bank lender of the year: Wells Fargo
- Non-bank lender of the year: Blackstone
- Overseas lender of the year: Helaba Bank
- Financing of the year: Blackstone for the Woolworth Building refinancing
- Debt fund capital raising of the year: Lone Star
- Mezzanine lender of the year: Starwood Property Trust
- CMBS lender of the year: Deutsche Bank
- Borrower of the year: SL Green Realty Corp
- Debt broker of the year: Eastdil Secured
- Insurance company lender of the year: MetLife Real Estate Investors
- Legal adviser of the year: Gibson Dunn