Home Offices
Offices
The German bank’s £205m loan to Mirae demonstrates the opportunity for European lenders to back South Korean investors.
The real estate fund management firm has sourced a facility financing 65% of the cost of the acquisition plus a capex loan.
The mixed-used scheme, which includes luxury apartments and office space and is backed by Israeli billionaire Teddy Sagi, has attracted £72m of debt finance.
Seaforth Land secures the five-year loan with a 55% LTV ratio for the landmark CAA House building in Covent Garden.
A £27m facility will be used by the business, which rents space to charities and social enterprises, to back its growth plans and a London office development.
The funding line will help Hillview’s real estate fund target acquisitions in the UK office sector.
The German bank has written the 32% LTV facility, syndicating €100m to ING.
The Dutch bank has backed Marathon’s entry into the Southern European country as rental growth is expected in the office sector.
Aviva Investors has used capital from three separate lending mandates to provide a £124 million (€141 million) financing to UK property investor Helical, as it continues to expand its range of real estate financing products.
Lloyds Bank has written an £82 million (€92 million) whole loan to developer Ballymore to bring forward an office building at Embassy Gardens, its regeneration project close to the site of the new US embassy in London’s Nine Elms.