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Development finance
The loan supports the expansion of the manager’s Single Family Housing Fund.
Owners Edge and Mitsubishi Estate London obtained planning for the project in April.
The German bank’s head of real estate, London, says some lenders are pushing leverage and pricing too far to win deals.
Speaking ahead of the closing of a £170m London loan, the bank’s EMEA real estate head extolled the benefits of upgrade projects.
The loan represents the sixth partnership between the two lenders.
The deadline for submissions for the REC Europe Awards 2025 is midday, UK time, on Monday 17 November.
The Canadian manager has its sights set on a Continental European loan following its inaugural debt deal, in UK logistics.
The two firms have an existing relationship spanning more than a decade.
The New York-headquartered manager will use the tie-up to expand in the mid-market lending space in the UK and continental Europe.
The development lender has hired Louise Gillon, who had been Leumi UK’s head of hotel finance for 16 years.