DekaBank has underwritten a €41 million loan to finance the acquisition of a Munich office building by a real estate fund managed by BNP Paribas Real Estate Investment Management.
Cain Hoy, the real estate investor and lender which is backed by US-based Guggenheim Partners, has teamed up with Qatar Investment Authority to provide a £450 million financing of a 27-storey office tower development in London’s Docklands.
Hammerson has agreed a £350 million (€418 million) revolving credit facility with a syndicate of 14 international banks, including several Asian lenders, in a bid to reduce its cost of debt.
Competition among lenders for prime real estate lending deals in the UK market during Q1 2017 resulted in some unwinding of the rise in loan margins which occurred in the immediate aftermath of the UK’s Brexit vote last June, new research by CBRE suggests.
Investec Structured Property Finance has provided Irish developer Ballymore’s first loan since it exited the Irish National Asset Management Agency in a deal which also marks Investec’s return to investment lending since 2006.
Goldman Sachs Principal Investment Area has raised $993 million for its third real estate debt fund, according to Real Estate Capital's sister title, Private Debt Investor.
Morgan Stanley has securitised a portion of the circa £345 million whole loan which it provided to Blackstone last May to refinance the Devonshire Square estate in the City of London.
Listed Italian real estate firm Coima RES has sourced a refinancing of two properties held in a closed-ended fund in which it owns the majority stake.
CarVal Investors, the investment management arm of US agricultural powerhouse Cargill, is to shutter its real estate fundraising business but retain its focus on real estate debt investment, Real Estate Capital’s sister title PERE has revealed.
US private equity firm KKR has bought a stake in an Italian loan servicing firm with a focus on real estate debt.