Insight

Catena obtains €627m loan to fund logistics portfolio acquisition

The Swedish listed company used the bank loan to finance an €830m purchase from Urban Partners.

Term Sheet: NYC’s pending super-stacks; allocators’ debt attention; self-storage’s prime moment

Institutional financiers are getting an early look at New York’s next trophy office capital stacks with fresh details around 2 World Trade Center and a Ken Griffin-led venture behind 350 Park Avenue; Montana Board of Investments and LACERS ink fresh commitments to commercial real estate credit funds to spur allocation activity; The self-storage sector is gearing up for a bigger mainstream moment as lenders anticipate increased transaction and financing flow; and more in today’s Term Sheet, exclusively for our valued subscribers.

Eldridge originates first Italian refinancing with €85m office loan

The lender sees Italy as a ‘compelling’ market as it continues its expansion in Continental Europe.

Term Sheet: NatWest’s SRT plans, Blackstone’s social housing CMBS, Quintain’s Wembley loan

UK bank NatWest is reported to be exploring a commercial real estate synthetic risk transfer transaction; Blackstone turns to the CMBS market to refinance social housing units; Quintain sources finance for assets at its Wembley Park build-to-rent estate; and more in today’s briefing, exclusively for our valued subscribers.

Loans in focus: RXR’s Midtown refi; Marathon’s Lone Star lending; Apollo’s acquisition backing

High-quality office continues attracting institutional capital with an RXR Realty-led venture securing a $407 million refinancing for 450 Lexington Avenue; Marathon Asset Management channels $235 million of senior debt into senior housing to support a Lone Star Real Estate-affiliated portfolio refinancing; Apollo Global Management is backing a swath of hotel purchases with a $363 million financing alongside $45 million of structured financing from Ascendant Capital Partners; and more in our round-up of stateside loan deals from the past week.

Natixis provides £310m to Quintain for two Wembley Park assets

The loan enables Quintain to continue deleveraging its London build-to-rent campus.

PGIM lends €325m against grocery-anchored German retail portfolio

The refinancing of 85 assets was provided to retail owner Centerscape.

Aviva refinances central London office portfolio with £235m loan

The facility is secured by multiple assets owned by private group Lazari Investments.

Lenders set to reignite Sun Belt multifamily market 

A sharp fall-off in new construction is reshaping the Sun Belt multifamily market, creating near-term opportunity for lenders and investors seeking development opportunities.