Insight

Former finance head at German real estate firm BWFD launches debt advisory business

Eugene Owusu has set up AMA Capital to help German developers access capital streams amid dwindling bank LTC ratios.

GSA sees growing lender interest in Irish student housing

The sector specialist, which last week completed a Dublin refinancing with Wells Fargo, believes the financing market is becoming more competitive.

Irish hospitality firm iNua refinances hotel portfolio

A consortium including AllianceBernstein and Earlsfort Capital Partners has provided finance to replace a €67m loan.

Aukera provides €130m Luxembourg ‘bridge-to-exit’ loan

The facility has been provided to fund the completion of a mixed-use office and retail project in the country.

Term Sheet: German banks’ real estate challenges, Spanish NPLs prepared, the Evergrande saga continues

German banks’ results hint at the challenges real estate markets are presenting for them; Spanish banks are reported to be preparing to sell non-performing loans; Evergrande’s Chapter 15 bankruptcy filing provides a reminder of China’s ailing economy; and more in today’s briefing, exclusively for our valued subscribers.

Hilco Global enters UK real estate debt market

The US-based financial services firm has created a bridge finance business to lend to real estate investors.

Former Bain Capital executive to launch credit fund business

Sean Tarrant, who was head of portfolio finance at Bain Capital Credit, registered Atlas Capital Partners in the UK last week.

Term Sheet: WeWork’s woes, Prelios to change hands, Patrizia’s Frankfurt refinancing

WeWork’s Q2 earnings call provides a concerning update; Italian credit specialist Prelios to be sold; Patrizia sources a major office refinancing in Frankfurt; and more in today’s briefing, exclusively for our valued subscribers.

BF.capital to roll out second debt fund

The Stuttgart-based firm is looking to raise €300m from institutional investors for a vehicle through which it hopes to capitalise on higher margins in the German market.

Term Sheet: Germany’s biggest landlord reports €3bn write-down, Patrizia’s €300m debt ambition, Precede co-founder steps down

Vonovia reports €2.7 billion in asset value declines despite rental business growth; Patrizia sets sights on a €300 million fundraise for its second credit investment vehicle; Precede’s Daljit Sandhu steps down as chief operating officer; Scope Ratings warns of further pressure ahead for property companies; and more in today’s briefing, exclusively for our valued subscribers.