Insight

European industry looks past tariffs chaos to tout real estate stability

Trump’s threat of tariffs and subsequent about-face highlighted ongoing volatility.

Term Sheet: Real estate credit’s Davos crossfire; Prime’s LA conversion; CREFC’s charged sentiment

Private real estate credit managers are fending off more anti-institutional rhetoric from the Trump administration’s Davos address; Prime Finance adds to office-to-residential conversion waves with a Southern California loan close; CREFC Miami signals more optimism and competition to come for private credit lenders; and more in today’s Term Sheet, exclusively for our valued subscribers.

Pluto deploys first loan from £2bn Blackstone tie-up

The €35m senior loan has financed the acquisition of a residential portfolio in Dublin.

Term Sheet: Industry sanguine in the face of Trump tariffs, Goldman provides back leverage to Puma, debt funds remain popular with investors

Property industry figures expect Trump’s latest tariffs threat to have a limited impact on Europe’s real estate markets; Goldman Sachs boosts Puma Property Finance’s first commingled fund vehicle with a back leverage facility; credit funds remain a popular route into European property markets, according to an investor intentions survey; and more in today’s briefing, exclusively for our valued subscribers.

Barclays issues Long Harbour with £66.8m debt facility

The loan supports the expansion of the manager’s Single Family Housing Fund.

Cheyne grants €136m Portuguese hospitality loan

The lender has backed the redevelopment of two historical palaces into a luxury hotel and branded residential.

Loans in focus: Lender club provides €1.8bn to German data centre operator, SMBC finances Oaktree data centre platform, Maslow backs West End hotels

A 12-lender consortium provides €1.8 billion to Frankfurt-based data centre operator Maincubes; Sumitomo Mitsui Banking Corporation issues €1.9 billion loan for Oaktree’s data centre platform; Maslow Capital provides a £294 million (€340 million) facility for Criterion’s hotel portfolio expansion; the latest additions to the Real Estate Capital Europe lending database; and more in our round-up of European loan deals from the past week.

Maslow’s large-ticket push continues with £294m loan to Criterion

The sponsor will use the facility to expand its hotel portfolio across two sites in London’s West End.

Song Capital provides £210m refinancing to Patron-backed care home operator

Half of the 22-asset portfolio of Hamberley Care Homes has been refinanced.