European private equity firm AnaCap Financial Partners has bought a portfolio of loans secured by Italian property from Barclays.
Despite challenging market conditions, a diverse array of organisations continues to provide finance to the European property sector. Real Estate Capital’s roll call of the most active lenders in European property finance today once again demonstrates the weight of capital available in the market.
Barclays has securitised £2.43 billion of granular UK property loans to free up capital, with £1.82 billion rated triple AAA.
Barclays declined to comment on the deal, Griffon Funding, but it is understood the issue is for treasury management purposes and will be substantially held by the bank rather than sold in the market.
Vornado Realty Trust has completed a $675 million refinancing on the trust’s iconic 3.6 million sq ft Merchandise Mart (MART) retail and office building near downtown Chicago.
Canary Wharf Group has financed the development of its 60-storey Newfoundland PRS residential tower at its London Docklands estate with Barclays and Royal Bank of Scotland, Real Estate Capital has learned.
Barclays has been appointed by the developer of the high-profile residential ‘Versace Tower’ in London to source over £200 million (€261 million; $292 million) of senior debt finance.
M7 Real Estate has sourced a £76.5 million senior loan from Barclays Bank to finance its purchase of a mixed-use UK property portfolio from Goldman Sachs, Real Estate Capital can reveal.
Barclays Bank has refinanced an office building at 215 Park Avenue South in the Gramercy neighborhood of Manhattan with a $95 million securitized loan that is the largest in the JPMBB 2016-C1 CMBS transaction.
Irish Residential Properties REIT (I-RES REIT) finances its €83 million apartment scheme with a €250 million debt facility.
Irish REIT Hibernia has agreed a £400m revolving credit facility at close to 2% cost with three banks.
Bank of Ireland, Ulster Bank and Barclays are participating in the loan which Hibernia will use to replace an existing €100m RCF, to fund projects and make new acquisitions.