UK developer Essential Living has raised £60 million of development finance from Royal Bank of Scotland and HSBC for its Creekside Wharf residential scheme in London.
HSBC and the government’s Homes & Communities Agency are providing one of the largest loans this year for PRS development in UK regional cities.
HSBC has agreed an extension of two existing loans provided to subsidiaries of the UK’s Local Shopping REIT, which is subject to an ongoing wind-down strategy.
HSBC has provided a £100 million loan to finance a Hong Kong-based investor’s purchase the 20 Moorgate office building in the City of London.
Despite challenging market conditions, a diverse array of organisations continues to provide finance to the European property sector. Real Estate Capital’s roll call of the most active lenders in European property finance today once again demonstrates the weight of capital available in the market.
The proceeds will be used to refinance the trust's existing loan facility.
UK regional mall owner Intu Properties has arranged a new bridging loan with its existing lenders for its £410 million acquisition of the remaining 50 percent of Merry Hill that it did not already own.
Pbb Deutsche Pfandbriefbank and HSBC have jointly provided a €117 million development loan to Valad Europe’s Valad Polish Retail Fund to finance development and refinance existing debt relating to the Janki shopping centre in Warsaw.
HSBC’s UK head of real estate finance, Shripal Shah, is joining JC Rathbone Associates to help beef up the firm’s real estate debt advisory business.
HSBC has confirmed it has syndicated a large part of the circa €800 million Potsdamer Platz loan it underwrote for Brookfield, to a group of banks and an insurance company.