Insight

Term Sheet: WDP’s €440m logistics loan, SEGRO’s oversubscribed bond issue, tributes paid to SitusAMC’s Chip Good

Belgian logistics owner WDP benefits from existing hedging in €440 million financing deal; SEGRO’s sterling bond issue tests investor demand; tributes paid following the passing of SitusAMC’s Chip Good; and more in today’s briefing, exclusively for our valued subscribers.

Rising cost of back leverage threatens to impede returns

Providers of loan-on-loan finance are pricing in higher interest rates.

Perceptions of market conditions continue to deteriorate, finds CREFC survey

A political crisis in the UK and rising interest rates paint a ‘grim picture’ for the market.

Niam buys Brunswick debt arm as Nordics enters ‘time of turmoil’

The newly branded Niam Credit plans to expand into mezzanine finance in preparation for widespread refinancing challenges in the region.

Barings expands APAC real estate debt business

The firm’s real estate equity business last week received a A$600m commitment to back Australian development opportunities.

Term Sheet: Niam’s Brunswick acquisition, Westbrook’s UK debt drive, Vonovia’s ESG upgrade plans

Brunswick’s debt business considers strategy after purchase by Niam; Westbrook’s push to lend in the UK shows opportunistic managers are attracted by current debt returns; Vonovia targets sustainability upgrades to its portfolio with funding from the European Investment Bank; and more in today’s briefing, exclusively for our valued subscribers.

How Vonovia is using EIB financing to help decarbonise its portfolio

The German residential landlord is renovating homes to help lower tenants’ energy bills.

Term Sheet: Empira’s fundraising ambitions, UK property’s poor performance, the mood at CREFC Europe’s latest London gathering

Empira’s fundraising target demonstrates lending ambitions in the non-bank lending market; UK returns data from MSCI highlights the pressure on real estate performance; panellists at CREFC Europe’s London conference describe a market in a pause period; and more in today’s briefing, exclusively for our valued subscribers.

REC Europe Awards 2022: It’s time to make your case

You have until 25 November to tell us why your organisation or deal should be considered for one of our 37 shortlists.

Term Sheet: Concern about 2023 debt conditions, Aareal’s UK hotels deal, NREP’s self-imposed carbon tax

The latest Emerging Trends report by the Urban Land Institute and PwC highlights debt market fears for 2023; Aareal’s hotel loan to a Tristan Capital Partners fund demonstrates lender support for UK hospitality; NREP takes the initiative with a self-imposed carbon tax as it targets net zero; and more in today’s briefing, exclusively for our valued subscribers.