Insight

Office revamps are ‘some of the least risky deals’, says ING’s Shields

Speaking ahead of the closing of a £170m London loan, the bank’s EMEA real estate head extolled the benefits of upgrade projects.

Eldridge and Starwood lend £193.5m, expand residential loan book

The loan represents the sixth partnership between the two lenders.

Term Sheet: 2025 unpacked on our podcast, Mubadala and Barings join forces, Blackstone turns CMBS lender

In this final edition of Term Sheet for 2025, the key themes of the year are examined in the latest edition of The PERE Podcast; Middle Eastern sovereign wealth fund Mubadala forms a global real estate debt joint venture with Barings; Blackstone participates in the European CMBS market for the first time as a lender; and more in today’s briefing, exclusively for our valued subscribers.

Loans in focus: Kennedy Wilson and Affinius’s Jersey team-up; Peachtree’s Nashville note; Northwind’s Brooklyn belay

Kennedy Wilson and Affinius are fueling more development in Jersey City with a $384m senior loan and preferred equity package; Peachtree Group is adding to Nashville’s skyline with a $130m construction loan for Vastland’s planned 25-story mixed-use tower; Northwind Group is backing the development of a Brooklyn office building into a 51-story mixed tower; and more in our round-up of stateside loan deals from the past week.

Blackstone participates in first European CMBS as a lender

The US manager, which is typically a sponsor of European commercial real estate securitisations, has participated in the Vanir Logistics Finance CMBS.

BREDS lends €100m to German self-storage pioneer Lagerbox

The loan will support the platform’s expansion in a fast-growing market.

Loans in focus: KKR provides €300m for easyHotel portfolio, Aareal deploys €250m into European hotels, £200m loan finances ‘Can of Ham’ purchase

KKR provides €300 million for Tristan Capital Partners’ easyHotel platform; Aareal Bank issues a €250 million loan to refinance a pan-European hotel portfolio; Santander and CaixaBank finance the acquisition of London’s ‘Can of Ham’; 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.

Term Sheet: Can of Ham gets meaty loan, Cheyne’s five-star financing, Active Lenders unpacked on our podcast

Two banks back the purchase of London’s ‘Can of Ham’ office building in a significant deal for the resurgent sector; Cheyne Capital finances an upscale Spanish resort; REC Europe’s Active Lenders list is examined on the latest episode of The PERE Podcast; and more in today’s briefing, exclusively for our valued subscribers.