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.
Lloyds Bank Commercial Banking, Wells Fargo and PGIM Real Estate have teamed up for a £169 million financing of the student accommodation arm of a Manchester-based property developer.
Scottish Widows, with Lloyds Bank Commercial Banking acting as agent, has provided a £45 million loan to UK real estate investment trust Custodian REIT.
A new leadership line-up has been unveiled at Lloyds Bank’s commercial real estate division following the decision by former head of private real estate corporates Marty Green to return to his native Australia.