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In the wake of the financial crisis, efforts to reform financial markets have had a profound effect on real estate lending.
The bank stalwart will head its CRE financing division, replacing Thorsten Schönenberger, who was made director of real estate and project finance in July last year.
Societe Generale and HSBC have financed the Generator Hostels portfolio recently acquired by real estate fund manager Queensgate Investments with a €215 million loan.
Lloyds Bank has written an £82 million (€92 million) whole loan to developer Ballymore to bring forward an office building at Embassy Gardens, its regeneration project close to the site of the new US embassy in London’s Nine Elms.
Whether by geography, sector or product, real estate finance providers are broadening their scope. Alternative lenders, particularly, are set to benefit from the drive to diversify.
Münchener Hypothekenbank has hired Thomas Völker as head of commercial real estate international clients in order to boost the German bank’s international presence.
Santander has issued a £916.8 million (€1 billion) commercial real estate loan securitisation, in one of the first synthetic transactions of UK commercial property assets since the financial crisis.
Credit will provide a major access point into real estate for an increasing number of investors in the year ahead.
UK healthcare REIT Primary Health Properties has signed a £75 million (€84.3 million) refinancing facility with Aviva and a £30 million revolving credit facility with Lloyds Bank.
As the voting deadline for Real Estate Capital’s annual awards draws near, competition is fierce across several categories. Your vote could make all the difference, so head to the polls before they close at midnight on 8 January.