Insight

Cheyne’s £171m loan signals increased lender appetite for Canary Wharf offices

The refinancing will support the lease-up of 30 South Colonnade, one of the original buildings of the Docklands business district.

Deep dive: How synthetic risk transfers are bringing banks and non-banks together

Synthetic risk transfer, a financial tool that helps banks manage their capital, is emerging in real estate. How could alternative lenders benefit?

Download the Autumn 2025 issue of Real Estate Capital Europe

Inside: Marriage of convenience – How synthetic risk transfer is bringing banks and debt funds together; What German debt brake reform means for real estate lenders; Emerging debt managers make their mark; And much more…

pbb Deutsche Pfandbriefbank: Banks and non-bank lenders go from peers to partners

Collaboration with non-bank lenders is enabling real estate banking to adapt to evolving borrower needs, say pbb Deutsche Pfandbriefbank’s Charles Balch and Duncan Pearson.

Loans in focus: 1 Broadgate receives £450m, club including HSBC provides £737m to refinance UK PBSA, Aareal arranges refinancing for Nido Living

British Land and GIC’s 1 Broadgate receives a £450 million (€521 million) five-year green loan; HSBC and three other lenders issue a total of £736.9 million to refinance UK purpose-built student accommodation assets; Aareal Bank arranges a club deal to finance Nido Living portfolio; 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.

REC Europe’s Lending Market Barometer: Have your say!

Our first industry-wide survey has been launched, to test the pulse of Europe’s property financing market.

Term Sheet: Nido’s Iberian borrowing, a refinancing for 1 Broadgate, REC Europe takes the industry’s pulse

Nido Living has sourced a significant financing as it builds out its Iberian student housing portfolio; British Land and GIC have secured fresh debt for a recently completed office scheme in London; Real Estate Capital Europe’s survey of the industry has launched; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: The Fed’s rate cut plans; Forum’s second credit strategy; CBRE’s cap rates consensus

Federal Reserve chair Jerome Powell gave real estate lenders some cause for relief with the signal of a potential interest rate cut; Forum Investment Group is looking to channel real estate credit sector momentum with its second strategy launch; CBRE survey shows cap rates may have peaked and could bring a calm to volatile valuations; and more in today’s Term Sheet, exclusively for our valued subscribers.

The next rate cut is not clear cut

Real estate private credit executives see three possible outcomes: a 25bps cut, a 50bps cut, or the Federal Reserve holds rates in the current range.