Insight

Loans in focus: Brookfield issues €220m to Marshall Yards, six banks refinance Ghent office, Maslow provides £117m construction loan

Brookfield issues a €220 million loan to refinance debt on an Irish 550-bed build-to-rent scheme; six banks refinance a Belgian office with a €119 million facility; Maslow Capital supports the construction of a London 609-bed PBSA scheme, with £117 million (€134 million) of debt; the latest additions to the Real Estate Capital Europe lending database; and more in our round-up of European loan deals from the past week.

Pluto’s £2bn bet with Blackstone affirms pan-European expansion

The managing director of Pluto Finance, Ciaran Singh, explains the strategy behind its recent tie-up with Blackstone.

Term Sheet: Kennedy Wilson’s take-private; Makarora and Ares’ Plymouth refi; Virginia’s ACORE allocation

Kennedy Wilson is being acquired in a Fairfax Financial-funded deal that will privatize a still-growing real estate debt and equity platform; Chad Pike’s Makarora and the credit arm of Ares Management are heading to the CMBS market for a refinance of assets linked to Plymouth REIT; ACORE Capital taps into repeat allocator channels with a $250 million commitment from Virginia Retirement System; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: pbb reports on costly fallout of US exit, Nuveen and Schroders merger creates €10bn debt platform, CBRE says refinancing activity continues to dominate

pbb Deutsche Pfandbriefbank declares its exit from the US commercial real estate market is a costly exercise; Nuveen and Schroders merger creates €10 billion European real estate debt platform; refinancing activity continues to dominate lending activity, says CBRE; and more in today’s briefing, exclusively for our valued subscribers.

Maslow targets London PBSA developments with £116.6m facility

The loan is the second time the lender has issued debt to developer YourTRIBE.

Davison to rejoin Delancey as Farinola leaves

Lesley Davison previously spent 14 years as director of banking and treasury at the firm.

Affinius targets $2bn of lending following first European loan

The US firm lent £80m to HIG and Primus Property Group, refinancing their PBSA portfolio.

Loans in focus: L&G refinances central London offices, Finland’s Kojamo secures €600m, COIMA issued with €340m

L&G refinances a central London office complex with a £385 million (€344 million) loan; Finnish residential firm Kojamo secures €600 million facility via a club deal; Milan’s COIMA secures €340 million of debt across two facilities; the latest additions to the Real Estate Capital Europe lending database; and more in our round-up of European loan deals from the past week.