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CBRE: Margins tighten in European markets

Competition to lend in Q1 2018 led to margins tightening in smaller Western European countries, the consultancy’s European Debt Map shows.

The benchmark holding lenders to ESG targets

A loan deal between ING and Gecina is the first to be indexed on its GRESB rating.

Barings backs mixed-use scheme in London

The private lender has provided a £53.9m loan to Meadow Partners for a London development.

Trio finance prime London development with £155m

TH Real Estate, Allianz and a third undisclosed debt provider provide a six-year bullet loan for the landmark 80 Fenchurch Street building with a LTV understood to be in the 50% range.

Helaba finances Harbor’s London office purchase

Floating-rate five-year loan has a 65% LTV ratio.

Northwestern Mutual provides $184m loan on Miami office tower

Northwestern Mutual has provided a $184 million mortgage on a 677,677 sq ft office tower in Miami, Florida.

Columbia Property Trust repays $119m loan with Maryland office sale

Columbia Property Trust has sold its 653,000 sq ft office property in Baltimore, Maryland and will use the proceeds to repay a $119 million short-term bridge loan and borrowings on its unsecured credit facility.

Thai REIT seeks $283m for Bangkok offices

Thailand’s Golden Ventures REIT aims to raise 10 billion baht ($283 million; €258 million) to invest in the leasehold rights of two Grade A office buildings in Bangkok’s prime area. The REIT was set up by Univentures and Golden Land, two of Thailand’s major property developers.

Tristan buys in Poland with €71m pbb backing

Tristan Capital and Avestus Capital Partners have jointly purchased an office park in Poland with a €71m five-year loan from pbb Deutsche Pfandbriefbank.The new facility will be used to acquire Enterprise Park and adjacent development land in Kraków.

BNP agrees £105m first sole UK underwrite this year

BNP Paribas has cemented a comprehensive return to European property lending with its first sole UK underwrite this year, for Tisman Speyer. The French bank is financing Tishman’s £210m purchase of The Point in London’s Paddington Basin redevelopment area. The 232,772 sq ft, grade A office building is an investment for Tishman’s open-ended European core, […]

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