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The German bank recorded €4.2bn of new real estate lending in the first half of 2018.

After withdrawing the London marina complex from the market last year, the private equity firm has closed a refinancing deal with Allianz Real Estate and Brookfield.

BAML’s Devonshire Square transaction in London comes amid widening pricing in the securitisation space.

Last week’s UK interest rate hike is not an immediate cause for concern in the real estate debt market, but the gradual shift in monetary policy is a headwind.

The Canadian pension fund is looking to increase its real estate credit assets under management to around $6.2bn to $7.7bn in the next five years.

These institutions prefer floating rate-based loans to mitigate foreign currency hedging risks.

The asset manager has already raised £200m for its second real estate lending vehicle, providing mid-market whole and mezzanine loans in the UK and Western Europe.

German bank provides £107m loan to Hana Financial Investments, supporting what is claimed to be the largest single asset purchase in the sector so far this year.

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 firm enters property lending as it aims to exploit the ‘attractive’ alternative the asset class offers to direct equity investment.