Insight

Inside the deal: Trocadéro Paris represents a rare lending opportunity

The office building, subject to a €530m financing, has only been sold twice since it was built in 1913.

Loans in focus: TPG’s Greenpoint bet; Wells Fargo’s lending boost; JPMorgan’s Brooklyn upgrade

TPG Real Estate Credit is putting its latest opportunistic strategy to work with a $285m bridge refinancing of Madison Realty Capital’s Greenpoint Central; Wells Fargo is backing an Artemis Real Estate Partners’ industrial acquisition with a $515m balance sheet loan; JPMorgan is upscaling a previous bridge loan to a $450m permanent financing for Brooklyn waterfront new-build; and more in our round-up of stateside loan deals from the past week.

Santander and CaixaBank provide £200m acquisition financing for Can of Ham

The loan represents one of the largest central London office financings of the year.

ICG lends £68m for Mira Tech Park expansion

The owners have used the funding to acquire a 40-acre plot of land.

Loans in focus: Sigma Capital receives £268m from Morgan Stanley, Aviva provides £175m for London office, British Business Bank issues loan-on-loan facility

Sigma Capital receives £268 million (€305 million) from US investment bank Morgan Stanley to recharge credit facilities; Aviva Investors provides Arora Group with £175 million facility for a central London office asset; British Business Bank issues Close Brothers Property Finance with a £350 million loan-on-loan facility; 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.

Building behind the loan: Milton Park

The campus in Oxfordshire has gone from wartime depot to science powerhouse.

Sigma prioritises flexibility with £268m Morgan Stanley refinancing

The residential provider says the unique terms help it to move from development to investment debt quicker.