John Feeney, who has led Lloyds Bank Commercial Banking's commercial real estate business for four years, has been promoted to acting head of global corporates, with Madeleine McDougall promoted to acting head of the CRE unit.
Lloyds Bank Commercial Banking has written its first loan to a stand-alone private rented sector residential project, with a financing of a scheme in Birmingham.
Lloyds Bank Commercial Banking has joined forces with the UK government’s Homes and Communities Agency to finance 121 new residential units and associated infrastructure at a scheme in east London.
Lloyds’ €600m syndicated financing of Unibail-Rodamco – complete with sustainability incentives – hints at the possibilities for a European ‘green’ property lending market.
Lloyds has refinanced £61 million of debt secured by a portfolio of UK business centres through its Green Lending Initiative.
Lloyds Bank Commercial Banking has hired Andrew Wheldon, the former head of residential debt and structured finance at CBRE, as a director in its listed CRE clients team.
Lloyds Bank Commercial Banking and BlackRock are among a group of lenders which have provided a £275 million (€323 million) debt package to a housing association in Manchester, UK, according to Real Estate Capital's sister title, Private Debt Investor.
Andrea Pittaluga of Lloyds has joined CBRE Capital Advisors as a senior director, as part of the continued expansion of CBRE’s debt and structured finance business.
Lloyds Bank Commercial Banking has completed its first deal to be subsidised through the £1 billion ‘green’ commercial property lending fund which it launched in March this year.
Lloyds Bank Commercial Banking has written a £23 million loan to refinance a mixed-use development located in Sheffield.