Financing

Shareholders of Deutsche Pfandbriefbank AG (pbb) followed the proposals of the Management Board and Supervisory Board in all respects at the virtual Annual General Meeting (AGM) on Thursday. Among other items, shareholders approved the distribution of a dividend of € 1.18 per no-par value share entitled to dividend, i.e. a to...

Investec Real Estate has provided a Greystar led joint venture with a £170 million loan in conjunction with its partner lender, a global institutional investor. The investment facility refinances an existing loan and is secured against Sailmakers, the JV’s flagship 327-unit Build-to-Rent (“BTR”) scheme in Canary Wharf. The tr...

M7 Capital (M7C) has provided, on behalf of its UK debt fund TREC II, a £19 million loan to refinance a portfolio managed by Avignon Capital.

Edmond de Rothschild REIM, through the Edmond de Rothschild European High Yield I Real Estate Debt Fund and a separate fund dedicated to a German insurance group, has provided €28.3 million whole loan financing to refinance and refurbish the Londra Hotel in the centre of Florence.

Newcore Capital Management has secured £90 million of debt facilities for three of its funds and a separate account.

The war in Ukraine and the sanctions against Russia are clouding Aareal Bank's results in the first quarter of 2022. With a view to two „Russian“ loans, the real estate lender has to increase its risk provisions. As a result, the consolidated result of €30 million was just below the previous year's level (Q1 2021: €32 million...

Mitiska REIM, the leading specialist investor in European convenience real estate, has today announced that it has secured €110 million in green loan financing agreements with KBC Bank, in several transactions including €58 million to refinance Malinas retail park and a further €42 million to fund acquisition opportunities in...

Aareal Bank's Management Board and Supervisory Board recommend that shareholders accept Atlantic BidCo's takeover bid. According to the reasoned opinion, the offer is in the best interest of the company and its stakeholders and the offer price of €33 is fair and reasonable.

Clarion Partners Europe has agreed two new debt facilities, totalling €50 million, secured against its Brébières warehouse and Marolles sur Seine development, in France.

Berlin Hyp successfully issued its first Social Pfandbrief today and achieved record demand. It is the first bank in Europe to issue bonds in three ESG categories, taking into account the respective requirements of the International Capital Market Association (ICMA). The proceeds of the ten-year Mortgage Pfandbrief will be us...

CBRE Investment Management has released a new report examining the role of credit in upgrading European commercial real estate to meet future ESG standards.

Funds advised by Hilltop Credit Partners and MCAP Global Finance (UK) LLP, the UK subsidiary of New York based Marathon Asset Managemet, along with OakNorth Bank, have provided a £33m loan facility Sherriff’s Gate Development Limited. The facility will be used to develop 213 affordably priced newbuild apartments in Phase I of...

Pradera to announce the debt refinancing of its pan-European retail park investment vehicle, Pradera European Retail Parks SCSp.

Caerus Debt Investments AG has advised a major German insurance company on granting a €65 million senior secured loan in the student housing segment. The loan is for a four-year term.

The Ardent Companies UK (“Ardent UK”), advised by Jones Lang LaSalle Incorporated, has secured a £100 million acquisition and accordion financing for its UK Industrial and Logistics fund with AgFe.

Berlin Hyp is providing a loan of €65 million to a company belonging to Shaftesbury Real Estate Partners 1 A SICAV-SIF over a term of three years. This will refinance the redemption of a debt financing together with property expansions under the project name “Overture”.

Octopus Real Estate has provided a £9m loan on the redevelopment of a Grade II Listed building in Northampton town centre. The development loan – which has a 24-month term - will finance the creation of 89 new homes; 17 studio apartments, 60 one bedroom flats, and 12 two bedroom flats, all of which will be designed as New Yor...

Hamburg Commercial Bank (HCOB) presented its final IFRS figures for fiscal year 2021 on Thursday and confirmed its net income before taxes of €299m (previous year: €257m) as well as the other preliminary financial figures from February. The optimized balance sheet structure and the operating business contributed to the good r...