Deutsche Asset Management has provided a €45 million mezzanine loan to Ares Management to finance two designer outlet retail centres in France.
Bermuda-registered Saïd Holdings has sourced a $100 million (€85.42 million) standby debt facility from US asset manager Northern Trust.
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.
NewRiver REIT has sourced £430 million (€473 million) of new unsecured debt facilities, which will replace £414 million of its existing secured loans.
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.
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 Real Estate Asset Management has raised €55 million at the first closing of its new Netherlands-focused discounted pay-off debt fund.
The New York-based firm will finance the deal mostly through debt as it uses equity from its €7.8 billion Europe V fund.
Lloyds Bank Commercial Banking has confirmed the appointment of Madeleine McDougall as its new head of commercial real estate.
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).