Insight

More loans sales ‘in the pipeline’ to free up lending capacity, says pbb

Kay Wolf, chief executive officer, says the German lender is focused on disposing of loans but will reinvest the capital in new business.

Term Sheet: Blackstone’s bank loans purchase, Goldman’s $7bn fundraising, Arrow’s Spanish expansion

Blackstone is reportedly poised to buy property loans from a German bank in what could prove to be a landmark transaction; Goldman Sachs Alternatives raises $7 billion as it readies for the lending opportunity; Arrow Global makes headway in Spain with a platform acquisition; and more in today’s briefing, exclusively for our valued subscribers.

Cottonwood’s Green sees potential in office-to-residential conversions

The Los Angeles-based manger is watching opportunities in office-to-residential conversions and investing across the capital stack.

European CMBS returns for 2024 as first transaction prices

A UK logistics deal, sponsored by Blackstone, has become the market’s first issuance of the year.

Goldman Sachs amasses $7bn-plus for real estate lending

The US bank’s alternative investment arm has held a final close on its latest debt fund and related vehicles.

Inside the deal: An ‘impossible’ €440m Brussels office financing

A loan from six banks funded the €880m purchase of offices for a retrofit project without a lease.

Stoneshield targets NPLs through third opportunistic vehicle

The Southern Europe-focused manager took just five months to reach a final close for the fund, well below the European average.

Blackstone wins Italian CMBS loan extension, contributes equity in return

The US manager has been granted a three-year extension to execute its business plan for four retail assets.

Canary Wharf’s offices weigh on its next refinancing challenge

The landlord has sourced £533m of fresh financing but faces a wall of office-related debt maturities in the coming years.