German lender Pbb Deutsche Pfandbriefbank has provided an investment loan facility totalling €66.5 mln for an office portfolio managed by GalCap Europe on behalf of an institutional client.
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Bank of America Merrill Lynch has launched the year’s second European CMBS, a €132.9 mln securitisation against Starwood Capital’s €416 mln secondary Spanish office portfolio.
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Blackstone’s UK logistics CMBS has attracted high demand, with the £158 mln senior tranche pricing at 85 basis points over the SONIA interest rate benchmark.
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CTP, the largest industrial property developer in CEE, has raised €500 mln from its third green bond issue.
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Commercial property securities exchanges IPSX UK has received considerable support from the British Property Federation (BPF) and other real estate heavyweights ahead of the opening of the new stock exchange for property.
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Civitas Social Housing, a London listed Real Estate Investment Trust dedicated to invest in care-based social homes across the UK, has secured a £84.55 mln (€70 mln) loan from M&G’s Real Estate Finance team to finance new acquisitions over the year.
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A joint venture between Audley Group, the UK luxury retirement village provider, Schroders Real Estate and alternative lender Octopus Real Estate has completed on a £47 mln (€54 mln) development finance facility with Silbury Finance to fund a new 74-apartment Audley retirement village in Cobham, Surrey.
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Borrowers who need to refinance operational assets like hotels and coworking offices are finding liquidity severely curtailed.
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Lenders are restricting finance for hotels to big brands and are charging margins up to 400 basis points for conservative leverage, according to a new UK report.
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Aviva Investors, the global asset management business of Aviva, has completed a £39.9 mln (€45 mln) senior debt facility with London & Cambridge Properties (LCP), a sponsor focused on industrial warehouse and convenience retail space throughout the UK and Europe.
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German property investment volumes plummeted 48% in the first quarter, with only €14.8 bn of assets traded in the first three months of the year, according to broker CBRE.
