Pan-European real estate private equity business Palm Capital has acquired Project Falcon, a £150 mln (€170 mln) sub-performing loan book secured against a portfolio of 80 UK commercial real estate assets, from private equity peer Lone Star.
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Greek lender National Bank of Greece (NBG) has just launched the sale of a new property-backed non-performing loan portfolio known as Project Icon.
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European real estate investment manager Corestate said on Thursday that it has raised €250 mln of equity for a new German opportunity fund, Corestate Opportunity Deutschland I.
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Lenders Pbb and ING have provided €150 mln in equal shares to South Korean investors Hana Financial Investment and NH Investment & Securities for the acquisition of an office property in the Amsterdam business park Sloterdijk.
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Phoenix Spree Deutschland, the UK-listed investment company specialising in Berlin residential real estate, has completed a new €240 mln term loan facility with Natixis Pfandbriefbank.
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German lender BayernLB has issued a €700 mln promissory note loan for Berlin housing company Gewobag Wohungsbau-Aktiengesellschaft in partnership with LBBW.
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Nuveen Real Estate and DekaBank have acted as joint arrangers of a £285 mln (€313 mln), eight-year loan secured on 3 and 4 Pancras Square, two Grade A office buildings located in King’s Cross, London.
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Despite jitters in the bond market, where yields on Treasury paper inverted for the first time in years in mid-August, Europe’s real estate industry remains resilient, experts say.
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Alternative lender Investec has provided a £25 mln (€28 mln) loan to UK housing developer James Taylor Homes.
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Global flexible workspace provider Knotel has completed a $400 mln (€360 mln) financing, led by Wafra, an investment arm of the Sovereign Wealth Fund of Kuwait.
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Independent logistics specialist RLI Investors said that its RLI Logistics Fund - Germany II has committed to forward fund a logistics development in the Koppelknechtsdamm commercial area in Garbsen, part of the Hanover logistics region in Germany.
