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.
TH Real Estate has sourced £210 million of debt from Royal Bank of Scotland and BNP Paribas to finance its UK retail fund, Real Estate Capital has learned.
Lloyds Bank Commercial Real Estate has arranged a £409 million financing package for family-owned investment firm Lazari Investments, combining medium and long-dated funding alongside three other lenders.
Capital & Regional has refinanced the debt held against its UK shopping centre portfolio with three new loan facilities totalling £372.5 million (€438 million).
UK developer Essential Living has raised £60 million of development finance from Royal Bank of Scotland and HSBC for its Creekside Wharf residential scheme in London.
Despite challenging market conditions, a diverse array of organisations continues to provide finance to the European property sector. Real Estate Capital’s roll call of the most active lenders in European property finance today once again demonstrates the weight of capital available in the market.
Royal Bank of Scotland (RBS) has provided Empiric Student Property with £30.63 million of development finance to fund the construction of a portfolio of UK student housing schemes.
Canary Wharf Group has financed the development of its 60-storey Newfoundland PRS residential tower at its London Docklands estate with Barclays and Royal Bank of Scotland, Real Estate Capital has learned.
London residential specialist Mount Anvil has sourced £70 million of debt for its next development scheme in the capital with Royal Bank of Scotland.
RBS is providing the loan for Hampstead Manor, the former King’s College London student residence at Kidderpore Avenue in Hampstead which Mount Anvil bought last year.
Royal Bank of Scotland (RBS) has refinanced Standard Life Investments Property Holdings with a £145 million loan.