UBS Global Asset Management is to launch a senior debt fund to invest in Europe targeting €500m to €600m of equity, Real Estate Capital can reveal. The fund will be a follow on to its UBS Participating Real Estate Mortgage Fund I (PREMF I), which invests only in the UK. Despite dramatically reduced margins for […]
2 min read · 23 January 2015
A UK clearing bank has financed Chinese insurer Ping An’s £327m purchase of Tower Place, London, Real Estate Capital can reveal.
2 min read · 23 January 2015
As part of a deal that’s being hailed as Southern California’s largest multifamily asset purchase in nearly two decades, Berkeley Point Capital has provided TruAmerica Multifamily and a group of investors with a $354m FannieMae credit facility to purchase a 14-property portfolio. The mix of fixed and floating rate loans within the facility carry a blended interest rate of 2.59%. FannieMae credit facilities use a single pool of cross-collateralized and cross-defaulted mortgages as collateral for both long-term financing and short-term borrowing.
2 min read · 22 January 2015
Aviva Commercial Finance has launched a recruitment drive as it seeks to expand its £13bn real estate lending book, Real Estate Capital can reveal.
2 min read · 22 January 2015
Deutsche Pfandbriefbank has provided a €102m loan to help finance one of the largest regeneration projects in Europe. The German bank’s development loan will be used for the construction of three buildings at Hafencity on Hamburg’s harbour.
1 min read · 22 January 2015
SunTrust Bank has provided a $103m loan to The JBG Companies for the refinancing of a 12-story, 274,526 sq ft office building at 7200 Wisconsin Avenue in downtown Bethesda, Maryland. The floating-rate loan carries a four-year term with a one-year extension option.
1 min read · 21 January 2015
Two North American banks have backed Lone Star in its £1bn portfolio acquisition from Moorfield Group, Real Estate Capital can reveal.
2 min read · 21 January 2015
Investors are planning to pump €42.5bn into real estate globally this year, a 22% increase on 2104 according to INREV’s annual survey of their intentions. INREV’s survey canvassed 337 investors, fund managers and fund of fund managers who have an aggregate €1.6tr of real estate assets under management. Nearly 46% are planning to increase their […]
2 min read · 21 January 2015
Quintain Estates & Developments has appointed Simon Carter as its new finance director. He will take up the role at the listed investment and regeneration company from 26 May, leaving British Land where he is head of strategy and the member of executive committee.
2 min read · 21 January 2015
The Securities and Exchange Commission is reportedly banning Standard & Poor’s Ratings Services from rating CMBS for an entire year as part of an SEC probe and subsequent $60m settlement with the ratings agency. The SEC’s investigation looked at whether S&P bent its criteria to win business on six CMBS deals issued in 2011, according […]
1 min read · 20 January 2015
