Lending

Real Estate Capital’s data on the latest UK and Continental European real estate lending deals.

The bank has provided £230m of debt to back US REIT Global Net Lease’s entire UK office portfolio.

In little more than seven months, the UK leaves the European Union. Real estate lenders are keeping their cool.

In the face of headwinds including Brexit, rate rises and high street woes, these trends show there is still a strong appetite to provide debt.

Aareal Bank has financed a pan-European portfolio in the latest large financing deal in the sector.

The German bank recorded €4.2bn of new real estate lending in the first half of 2018.

The German bank has posted an overall 24% year-on-year drop in new business as it maintains a ‘selective stance’ in financing markets.

After withdrawing the London marina complex from the market last year, the private equity firm has closed a refinancing deal with Allianz Real Estate and Brookfield.

The asset manager has already raised £200m for its second real estate lending vehicle, providing mid-market whole and mezzanine loans in the UK and Western Europe.

The bank has written a £61m debt facility for Chancerygate.