Real estate private equity firm Gaw Capital Partners has raised £28.5 mln (€32 mln) in mezzanine financing to partially refinance its landmark office building in Docklands, London.
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German property firm Corestate has announced plans to start offering investors consulting services for commercial real estate financing with a value above €5 mln.
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German lender Deutsche Pfandbriefbank said its pre-tax profit plunged to just €2 mln in the first quarter of the year as a result of the coronavirus pandemic.
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European property investment manager Corestate Capital has reported rising investor demand for core and core+ properties across the board, at the increasing expense of value-add assets.
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Spanish property firm Colonial has secured a new sustainability-linked loan of an amount of €200 mln during the coronavirus crisis.
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ICG Real Estate is seeing a ‘noticeable’ increase in attractive lending opportunities which it is exploring on a cautious basis, the real estate asset management division of Intermediate Capital Group said on Thursday.
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Hotel development specialist 4C Hotel Group has secured a £65 mln (€74 mln) loan from Leumi UK, a London-based subsidiary of the Israeli international bank, for the development of a new four-star Canopy by Hilton hotel in London.
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The head of BNP Paribas Asset Management’s real estate debt investment has left the group.
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Banks are taking a constructive approach to helping struggling borrowers during the crisis, but concerns are growing over a prolonged period of economic slump.
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French REIT Icade has reinforced its backup lines of credit by signing an innovative green revolving credit facility for €300 mln. The new seven-year facility replaces lines maturing in 2020 for a total of €290 mln.
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LGIM Real Assets (Legal & General) has hired James Spencer-Jones from Cushman & Wakefield as its new head of Real Estate Debt, Europe, and established a new Private Credit Leadership Team as it looks to continue and grow its private credit business for the future.
