Piraeus Bank, Greece’s largest lender by assets, has finalised the sale of a stake in the €1.9 bn Project Phoenix residential mortgages NPE securitisation to Swedish debt specialist Intrum.
Read more
GWM’s Commercial Real Estate Debt Opportunities Fund (CREDO Fund) has committed to provide an approximately €70 mln senior loan for the acquisition and development of a portfolio of prime logistic assets in the Greater Milan area.
Read more
Invel Real Estate, the investment firm focusing on real estate opportunities in key markets in southern Europe including Italy, Greece and Cyprus, has originated and advised in the due diligence and structuring of a €45 mln bond on behalf of an institutional investor.
Read more
German lender Helaba is providing a loan more than €100 mln to finance the acquisition of the Churchill Square office project in Prague. The buyers are the Czech office real estate company Ceskomoravská Nemovitostní (CMN) and the CFH Group, an investment group active in Europe and the US with focus on core investments in major cities in Germany, UK, US, the Netherlands and Poland.
Read more
European logistics platform Valor Real Estate Partners has completed a new €30 mln debt facility with Acofi Gestion (Acofi), a Paris based financial services group. It represents Valor’s first impact loan containing specific environmental criteria linking improvements made to its assets to step downs in margin and is a milestone for Acofi as the first real estate impact loan underwritten by a non-bank lender in France.
Read more
Although volumes are lower, Europe’s leading real estate banks are still cautiously underwriting new business while loan loss provisions are ‘manageable’.
Read more
German lender Berlin Hyp is providing Matrix Innovation Center with a long-term loan of €75 mln. The financing is secured against a portfolio of six existing buildings and one construction project.
Read more
Italian asset manager Prelios Sgr announced this week that the Back2Bonis property-backed debt fund has reached a size of €850 mln following new subscriptions by lenders Intesa Sanpaolo, UniCredit Leasing and Banco Desio.
Read more
Kinetic Capital, a UK-based PBSA lender, has completed its first loan transaction by providing a £39 mln (€43 mln) whole loan facility to Jensco Group.
Read more
Aviva Investors, the global asset management business of Aviva, has announced a commitment to originating £1 bn (€1.1 bn) in sustainable transition real estate debt over the next four years, supported by the launch of its proprietary sustainable transition loans framework.
Read more
Specialist office investor CA Immo has appointed Alexander Rafajlovic as head of market research & data analytics.
