Insight

Investec launches UK real estate equity strategy

The UK and South African bank is raising capital from investors to acquire real estate assets on a deal-by-deal basis.

CBRE IM secures £1.1bn Battersea Power Station refinancing

The financing replaces construction debt put into place in 2019.

German firm Arcida Advisors begins fundraising for European NPL fund

The Frankfurt-based business is aiming to raise €300m of equity to deploy in Germany, Austria, and Switzerland.

Aareal’s Winkelmann says the lender will ‘master’ US office market woes

Christof Winkelmann, chief market officer at the German bank, said the lender successfully dealt with troubled hotels during covid-19 and will do the same with its US office exposure.

Värde provides €70m refinancing for mixed-use portfolio in Ireland

The sponsor – developer the Moran Group – attempted to sell one of the assets, the Rockpoint apartment complex, last year.

Term Sheet: The forecast on refinancing from MIPIM, another ECB warning about real estate, Vonovia suffers after collapse in values

Sunny skies in Cannes belie debt manager frustrations; the European Central Bank warns of struggles ahead for commercial real estate in a higher-for-longer rate environment; Vonovia losses provide insight into how German real estate firms are coping; and more in today’s briefing, exclusively for our valued subscribers.

MIPIM 2024: The debt funds are ready, but the deals are missing

Options for alternative lenders to capitalise on the opportunity in real estate debt are taking longer than expected to manifest in Europe.

MIPIM 2024: Attendees hopeful for rate cuts, expect more NPLs

There was optimism at the Cannes event for more transactions amid predicted falls in interest rates, but several expect distress on European bank loans

Germany’s pbb Invest readies maiden whole loan property vehicle

The subsidiary of German lender pbb Deutsche Pfandbriefbank is speaking to investors about raising up to €500m.

Europe’s poor economic outlook intensifies refinancing challenge, warn ULI and PwC

European respondents to a global survey are most fearful about inflation and interest rate volatility in 2024.