Pensions group BVK is investing in one of Frankfurt’s landmark office towers through debt rather than equity. Bayerische Versorgungskammer has lent €300m, at a 60% loan-to-value ratio, to the three owners of Tower 185. The investment is believed to yield around 3% for BVK investors. BVK made a “long-term real estate loan”, said law firm […]
1 min read · 28 October 2013
DRC’s European Real Estate Debt Fund ll seeks £400m from institutional investors, as managers plan a raft of follow-on mezzanine debt vehicles European mezzanine lender DRC Capital has begun investing its successor fund after raising more than £100m of capital. The firm, founded by Dale Lattanzio, Cyrus Korat and Rob Clayton, is targeting £400m this […]
2 min read · 22 July 2013
1 min read · 18 June 2013
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1 min read · 01 June 2013
Real Estate Capital commentary •The loan syndications market has picked up, with Insight Investments having taken a participation in three separate deals. The asset manager is buying for its 2007 loan fund, which both buys and originates debt. It took a £25m position in Adelphi, as well as a stakes in Maybourne’s and Intu’s debt. […]
1 min read · 22 May 2013
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1 min read · 01 May 2013
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1 min read · 01 April 2013
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1 min read · 01 March 2013
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1 min read · 01 February 2013
JANE ROBERTS Lloyds makes a bigger splash as debt tide shows signs of turning The property teams at Lloyds have been out spreading the word that the bank has much higher targets for real estate lending in 2013, targets that seem to have taken even them by surprise (see ‘Lloyds raises its target for real […]
3 min read · 15 January 2013
