The production of commercial real estate loans almost halved last year from EUR 12 bn to EUR 6.6 bn, according to research from PropertyNL, the Dutch sister publication of PropertyEU. Compared to 2008, this marks a decline of 70%. At the peak of the market in 2007, lending production reached EUR 27 bn.
London office developer Helical has sold its 50% stake in the JJ Mack Building in London to its joint venture partner, AshbyCapital, for £71.4 mln (€84.9 mln).
