Insight

Wells backs Oxenwood’s UK logistics portfolio

Wells Fargo has provided a £151 million loan to Oxenwood Real Estate to support the £286 million purchase of a portfolio of prime UK logistics assets.

BNP Paribas’ asset management arm to enter RE lending market

BNP Paribas Investment Partners, the asset management arm of the French banking group BNP Paribas, is planning to raise capital for a European real estate lending strategy, Real Estate Capital has learned.

Oaktree raises $694m for real estate debt fund

Oaktree Capital Management has raised a total of $694.39 million in capital for its real estate debt fund, according to Real Estate Capital’s sister title, Private Debt Investor.

Pbb issues $600m mortgage Pfandbrief

Pbb Deutsche Pfandbriefbank has issued a US dollar-denominated mortgage Pfandbrief, with a total volume placed of $600 million.

Intesa Sanpaolo group banks finance Belgrade mall development

GTC Group, a central, eastern and southern Europe-focussed property company, has sourced a €64 million loan to finance the development of a shopping centre in the Serbian capital Belgrade.

DekaBank provides €41m loan for Munich office building

DekaBank has underwritten a €41 million loan to finance the acquisition of a Munich office building by a real estate fund managed by BNP Paribas Real Estate Investment Management.

Cain Hoy and QIA team up for £450m Canary Wharf development financing

Cain Hoy, the real estate investor and lender, has teamed up with Qatar Investment Authority to provide a £450 million financing of a 27-storey office tower development in London’s Docklands.

Hammerson agrees £350m RCF with 14-bank syndicate

Hammerson has agreed a £350 million (€418 million) revolving credit facility with a syndicate of 14 international banks, including several Asian lenders, in a bid to reduce its cost of debt.

Prime margins tighten in competitive UK market, says CBRE

Competition among lenders for prime real estate lending deals in the UK market during Q1 2017 resulted in some unwinding of the rise in loan margins which occurred in the immediate aftermath of the UK’s Brexit vote last June, new research by CBRE suggests.

Investec finances Ballymore in return to investment lending

Investec Structured Property Finance has provided Irish developer Ballymore’s first loan since it exited the Irish National Asset Management Agency in a deal which also marks Investec’s return to investment lending since 2006.