A majority of property investors (71 percent) have a currency hedging strategy in place, with more than half of these (52 percent) hedging US dollars, according to research from INREV and academics at Western Sydney University.
TH Real Estate has sourced £210 million of debt from Royal Bank of Scotland and BNP Paribas to finance its UK retail fund, Real Estate Capital has learned.
The private owner of the 5 Churchill Place office building in London’s Canary Wharf has agreed a refinancing of the property with Citi and Bank of Ireland.
The second real estate debt fund raised by AEW Europe and the asset management arm of French bank Natixis has provided a €35 million participation a French portfolio financing.
CBRE’s specialist property finance unit, CBRE Capital Advisors, has launched a dedicated team in France under the watch of the firm’s former valuation advisory head Abdallah Ould Brahim.
ING Real Estate Finance and Bilbao-based BBVA have provided €104 million of debt finance to Spanish SOCIMI Lar Espana Real Estate.
Allianz Real Estate has taken a participation in the senior financing of the CityPoint tower in the City of London, as it continues to build a UK loan book.
Property services firm Colliers International has predicted that the future policies of Donald Trump and Donald Tusk, European Council president, will have a greater impact on UK real estate than the imminent triggering of Article 50.
Despite the dip, the amount of new debt and equity available for real estate investment globally remains the second-highest on record.
The real estate lending business of Swiss asset manager GAM is raising its second European debt fund, with a first close targeted by the end of Q2 2017, Real Estate Capital has learned.