Madeleine McDougall has taken over Lloyds’ commercial real estate business from John Feeney. Daniel Cunningham talks to them about the handover.
A raft of lending organisations are keen to provide finance to Europe's real estate investors. In the first of three installments, we examine the UK and German banks which made the list of Europe's top lenders.
Lloyds Bank Commercial Real Estate has provided a £10.25 million (€11.6 million) investment loan to finance the acquisition of the Stadium Plaza leisure development next to the Welsh national stadium.
Lloyds and Scottish Widows arrange £55m loan for LXi REIT
Lloyds Bank’s commercial real estate team has provided a £47 million loan to developer HB Reavis to fund its refurbishment of an office building near the South Bank of London’s River Thames.
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.