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The UK’s property investment community gathered for their annual dinner in London last night and around the tables and in the bar there was just one topic of conversation. In surprising contrast, the person who stood out because he didn’t mention the country’s historic vote to leave the European Union was the guest speaker and prominent Brexit supporter, Luke Johnson.
Following its exit from most of its most of its financial services businesses, GE Capital has shed its designation as a systemically important financial institution (SIFI).
The Fannie Mae credit facility went to a joint venture between The Scion Group, GIC and the Canada Pension Plan Investment Board that purchased the portfolio from InvenTrust Properties Corporation for $1.4 billion.
Lone Star and JP Morgan have struck a deal to buy the Dutch ‘bad bank’ Propertize for €895.3 million, representing the largest sale of legacy real estate loans in the Netherlands to date.
The commercial mortgage-backed securities market could be headed for a period of “February-like hibernation,” at least in the short-term, until the dust settles from the surprise Brexit vote last week, according to industry research firm Trepp.
Canary Wharf Group has financed the development of its 60-storey Newfoundland PRS residential tower at its London Docklands estate with Barclays and Royal Bank of Scotland, Real Estate Capital has learned.
Pbb Deutsche Pfandbriefbank has provided a kr275 million (€29.2 million, £24.3 million as at 28 June) loan to a fund managed by Standard Life Investments to finance its acquisition of a Swedish retail park.
Bank of America has provided a $42.6 million acquisition loan on the 238,205 sq ft office building in the Los Angeles area.
New policies since the global financial crisis have created “silos” which have limited the ability of regulators to maintain an overview of their regulations’ effects on the European commercial real estate debt market says a paper published today. CRE Debt in the European Economy 2016 is aimed at Europe’s policymakers and - Brexit vote notwithstanding - is the first piece of joint work on the debt markets put out by a coalition of UK and European associations
Lloyds Bank Commercial Banking, Wells Fargo and PGIM Real Estate have teamed up for a £169 million financing of the student accommodation arm of a Manchester-based property developer.
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