Insight

ICG lends £68m for Mira Tech Park expansion

The owners have used the funding to acquire a 40-acre plot of land.

Loans in focus: Sigma Capital receives £268m from Morgan Stanley, Aviva provides £175m for London office, British Business Bank issues loan-on-loan facility

Sigma Capital receives £268 million (€305 million) from US investment bank Morgan Stanley to recharge credit facilities; Aviva Investors provides Arora Group with £175 million facility for a central London office asset; British Business Bank issues Close Brothers Property Finance with a £350 million loan-on-loan facility; 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.

Building behind the loan: Milton Park

The campus in Oxfordshire has gone from wartime depot to science powerhouse.

Sigma prioritises flexibility with £268m Morgan Stanley refinancing

The residential provider says the unique terms help it to move from development to investment debt quicker.

Lending data: More deals but less debt recorded

Almost €14bn of debt was recorded between September and mid-November, compared with the €17.9bn during June to mid-August.

Real Estate Capital Europe’s Active Lenders 2025: Alternative lenders, Part 2

Part four of our guide to the finance providers making their mark in Europe.

Aviva backs London office redevelopment with £175m loan

The facility supports Arora Group’s acquisition of 102 Petty France, Westminster.

Loans in focus: Apollo and GIC’s FiDi frenzy; Urban’s Jersey City development; Florida’s C-PACE record

Apollo and GIC are refreshing the capital stack behind GFP and Metro Loft’s 25 Water Street with an $835m loan after the asset’s conversion to a residential tower; Urban Investment Group is adding more momentum to Jersey City’s development momentum with a $200m affordable housing deal; Nuveen Green Capital tacks on C-PACE records with a $235m Florida development deal, as part of a wider $465m construction package; and more in our round-up of stateside loan deals from the past week.

CREFC sentiment survey: No big mood swings, but competitive landscape noted

Plenty of competition and lots of liquidity are among the findings of CREFC Europe’s latest sentiment survey.