Deutsche Asset Management has provided a €45 million mezzanine loan to Ares Management to finance two designer outlet retail centres in France.
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Saïd Holdings secures $100m loan from Northern Trust
Bermuda-registered Saïd Holdings has sourced a $100 million (€85.42 million) standby debt facility from US asset manager Northern Trust.
Pbb reports Q2 rise in average margins
Average gross margins across pbb Deutsche Pfandbriefbank’s new real estate lending increased to around 170 basis points during the second quarter of 2017, up from 160bps the previous quarter.
Bank club writes £430m in loans for NewRiver
NewRiver REIT has sourced £430 million (€473 million) of new unsecured debt facilities, which will replace £414 million of its existing secured loans.
Aareal boosts margins through US new business
German bank Aareal has seen an increase in average gross margins of new loans underwritten during the second quarter of 2017, mainly driven by its expansion into the US market.
Berlin Hyp loan volumes rise despite ‘fierce competition’
German mortgage bank Berlin Hyp reported a new lending volume of €3.1 billion in the first half of 2017, which represents a 6.89 percent increase year-on-year.
Tunstall’s Dutch debt fund secures €55m at first closing
Tunstall Real Estate Asset Management has raised €55 million at the first closing of its new Netherlands-focused discounted pay-off debt fund.
Blackstone to finance Popular stake with up to 75% debt
The New York-based firm will finance the deal mostly through debt as it uses equity from its €7.8 billion Europe V fund.
McDougall confirmed head of Lloyds’ CRE business
Lloyds Bank Commercial Banking has confirmed the appointment of Madeleine McDougall as its new head of commercial real estate.
ICG-Longbow holds final close on £370m
ICG-Longbow, the real estate debt-focused arm of Intermediate Capital Group, has held a final close of its third senior debt fund on £370 million (€409 million).
