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The transaction will finance a Blackstone-owned logistics portfolio.
Owners Edge and Mitsubishi Estate London obtained planning for the project in April.
The German bankโs head of real estate, London, says some lenders are pushing leverage and pricing too far to win deals.
Borrowers that do not have surplus capital will face problems, says the chief lending officer.
A strategic move into real estate debt and the retirement of an industry stalwart were also among our most popular stories.
Interest rate cuts across next year will revive the UK market, he says.
The German bank has completed its first SRT transaction with Oaktree Capital Management as it winds down its US business.
PKO Bank Polski and ING Bank ลlฤ
ski have refinanced Polandโs largest provider of PBSA assets.
The loan will support the expansion of a UK single-family housing strategy.
Speaking ahead of the closing of a ยฃ170m London loan, the bankโs EMEA real estate head extolled the benefits of upgrade projects.