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Development finance
The German bank finances a fully let office project in its home market as it increases new lending to the higher-margin development space.
AustralianSuper has teamed up with TH Real Estate in a £280m London development financing.
A new £1bn fund will provide liquidity for smaller builders aiming to get construction projects off the ground.
While certain areas of the market continue to struggle, debt providers are increasingly drawn to the sector’s fundamentals, which offer an oasis of opportunity in the country.
The refinancing of Milton Park, a science and business park in Oxfordshire, represents the private lender’s largest single facility in Europe to date.
The firms aim to address a ‘shortage of debt capital’ in mainstream residential developments with their joint venture vehicle, which has an initial size of £165m.
The US bank has provided a £45m loan to the GCP Student Living REIT, which has noted a ‘structural shortfall’ of such assets across the UK.
The financing of a shopping scheme in the country demonstrates banks’ returning appetite for real estate debt.
The London-based debt provider lent £100m across four residential and student accommodation deals in June.
Lar España has sourced €98.5m from local banks for the construction of a shopping centre in Seville.