Deutsche Bank has provided a loan to investment manager Henderson Park to fund the acquisition of the Los Cubos office building in central Madrid.
A raft of lending organisations are keen to provide finance to Europe's real estate investors. In the first of three installments, we examine the UK and German banks which made the list of Europe's top lenders.
Deutsche Bank has provided a £66 million (€72 million) loan to real estate fund manager Aerium to finance the ongoing redevelopment of a central London office and residential scheme.
Deutsche Bank and alternative advisory firm Tyndaris have provided an €80 million refinancing of a five-star Italian resort through a private securitisation.
Deutsche Bank’s Spanish arm has completed the sale of a non-performing loan portfolio with a face value of €430 million, significantly reducing its non-core loan book in the country.
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.
Deutsche Bank provided a $62.5 million loan to Menlo Equities to refinance Irvine Crossings, a 395,673 sq ft, single-story datacenter and technology property in Irvine, California.
Deutsche Bank has provided $215 million in financing to McSam Hotel Group to refinance a hotel development on Manhattan’s west side, city property records show.
The bank provided the two-year interest-only loan with three one-year extensions to a partnership between American Realty Advisors and Onyx Equities. The partnership purchased the property for $101 million, bringing the loan LTV to 75 percent.
Deutsche Bank has elevated Werner Steinmueller as the bank’s chief executive officer (CEO) of Asia Pacific and as a member of the management board. It has also appointed John Gibbons as his successor as head of global transaction banking.