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The Royal Bank of Scotland (RBS) has disposed of £1.7bn of real estate loans made by its Irish subsidiary Ulster Bank. Deutsche Bank and Apollo Global Management have jointly bought a commercial real estate loan book for £400m.
New regulations under the Basel III capital regime will stall new development in the US by discouraging banks from financing construction, according to critics of the rules.
CaixaBank and ING have provided a total of €87.3m to Spanish REIT Lar Espana Real Estate for its purchase of the El Rosal shopping centre in Ponferrada, northwest Spain. CaixaBank’s loan, which is the bulk of the total, is for 15-years.
TPG Capital and Deutsche Bank have provided $200m to refinance the 150-room Mark Hotel on Manhattan's Upper East Side, city property records show.
More residential mortgage REITs are seeking to diversify into commercial real estate lending as they struggle to hit target dividends, according to a report from Kroll Bond Rating Agency.
A record €99bn of non-core real estate exposure in Europe's banks is currently or soon to be up for sale, according to Cushman & Wakefield's (C&W) latest loan sales market report. C&W Corporate Finance said that the highest-ever level of live sales was a "staggering" volume and is 4.5 times the volume recorded at the end of Q1 2015.
The Federal Reserve’s latest Monetary Policy Report points to rapidly rising commercial property valuations amid stronger demand for loans and eased lending standards.
Kennedy Wilson Europe (KWE) has appointed Fraser Kennedy as head of finance. Kennedy will lead KWE’s 19-strong finance team and will report to Mary Ricks, president and chief executive of KWE.
Development lending is predicted to increase by more than a third this year to £10bn, according to a report from the Investment Property Forum (IPF). Based on a survey of 35 lenders and 31 borrowers, financing for development for 2015 will reach £9.98bn in the UK, up from £7.45bn last year. However, cost inflation, particularly […]
Helaba is providing a €120m loan to Crédit Agricole to refinance its Tivoli office complex in Paris. The German bank is acting as the sole lender and arranger in the deal.
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