Offices

A proposal to restructure £460m of debt secured by the London property shows Brookfield would not have recouped enough from a sale.

The debut financing, secured against a London office development, supports the firm’s strategy to finance transitional assets.

The German lender revealed plans to expand its loan portfolio to €37bn by 2027.

The landmark on the skyline of Italy’s fashion and financial capital has been given a cash injection.

Although not the most popular sector by deals done, those transactions accounted for an aggregate lending total of more than €1.7bn.

An increasing emphasis on a return to the office by corporate companies may be supporting the positivity.

James Moss, incoming CFO of borrower Helical, says the city lacks quality workspace.

A syndicate of lenders including banks and manager Generali Real Estate provided the loan.

Cheyne’s Arron Taggart discusses using back leverage and factoring sustainability into the loan structure.

The Toronto-based manager wanted to find a buyer for the London office tower by 20 January, prior to the expiration of the underlying commercial mortgage-backed securities loan.