Home Banks
Banks
While certain areas of the market continue to struggle, debt providers are increasingly drawn to the sector’s fundamentals, which offer an oasis of opportunity in the country.
German bank provides £107m loan to Hana Financial Investments, supporting what is claimed to be the largest single asset purchase in the sector so far this year.
The German bank has provided £55m for the acquisition of The Relay Building by a consortium including affiliates of Harbor Group International and ZC Ronogil.
The US bank has provided a £45m loan to the GCP Student Living REIT, which has noted a ‘structural shortfall’ of such assets across the UK.
DekaBank and pbb provide a €117.3m loan for three prime industrial facilities in Germany as local banks continue to benefit from burgeoning institutional investment.
Yields have reached a floor in the country, meaning investors and lenders should focus on assets with potential for rental growth.
Banks from Italy, France and the Netherlands have participated in a financing of several properties.
The financing of a shopping scheme in the country demonstrates banks’ returning appetite for real estate debt.
Helaba and pbb Deutsche Pfandbriefbank have backed a portfolio owned by Globalworth.
The French REIT sources its second debt facility to be indexed on its GRESB rating.