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Southern Europe

Italy’s new politics makes lending trickier

Italy faces a battle to retain lenders’ renewed faith in its property market amid the unpredictability created by the election of the country’s first populist government.

Landmark sale kicks off Greek NPL market

The country’s first major property-backed portfolio sold by a domestic bank met with strong demand.

Italy’s affair with populism spooks lenders

Political turmoil has caused unease in the commercial real estate sector, although some are still prepared to lend in the country.

Bain Capital buys €1.5bn of Greek NPLs

The sale by Piraeus Bank is the first major property-backed deal in the country amid pressure from the ECB to bring loan portfolios to the market.

The benefits of NPL securitisation

Italian non-performing loan portfolios have been sliced up and sold into the asset-backed securities market.

ING backs Spain’s Testa with €130m loan

The Dutch bank has provided a seven-year facility priced at 1.6% to the residential rental company.

Non-core loans: Spain shines

The Spanish non-core loan sales market dominated European activity in 2017, although volumes were concentrated in mega-deals.

BAML issues price guidance for Italian logistics and retail CMBS

The bank will securitise a large portion of three loans sponsored by Blackstone and Partners Group.

Intu renegotiates €225m Spanish shopping-centre loan

The retail property giant has agreed with a consortium of lenders led by Santander a reduction of margin and an extension of maturity for the debt facility.

Starwood checks into Spanish hotel deal

The lender has provided a €110m loan in its latest financing in the hospitality sector.

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