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A consortium of four banks has financed Morgan Stanley’s ‘Great Beauty’ portfolio of three historic office buildings in the centre of Rome with a €150 million loan.
Bank of the Ozarks and Terra Capital Partners have provided $84 million in financing for the construction of a residential condominium building at 30 Warren Street in Manhattan’s Tribeca neighborhood, split between a $65 million first mortgage and a $19 million mezzanine loan, respectively.
Natixis has underwritten a term loan and revolving bridge facility totaling €154 million for CBRE Global Investors’ European Industrial Fund (EIF).
The French bank structured and arranged a seven-year, €123.7 million term loan, bringing in AXA to take 50 percent of the debt.
A total of $235 billion of available debt capital is targeted towards global commercial real estate, according to new research unveiled at MIPIM by Cushman & Wakefield.
Berlin Hyp became the second German pfandbrief bank to say that profits are likely to be lower this year than last when it unveiled results on 16 March.
The bank posted a rise in 2015 profits before tax and transfer to shareholders, from €65.8 million to €93 million, after recording €5.4 billion of new business volume.
TH Real Estate is preparing to launch a search for circa €500 million of debt to refinance its €2.2 billion Cityhold Office Partnership, Real Estate Capital has learned.
Quadrant Real Estate Advisors’ head of operations in Australia and one of its founding members, Michael Wood, has resigned.
€1.9 billion of new lending in 2015 brings its book to €4 billion
At MIPIM in Cannes this morning Cushman & Wakefield predicted that global trading volumes will rise 4 percent this year, adding that this base case “could easily be bettered if current global volatility levels stabilise or decline.”
Citizens Bank and Santander have provided a $77 million acquisition loan on the North American headquarters of the Saint-Gobain Corporation in the Philadelphia area.