The owners of the InterContinental New York Times Square have exercised the first of four one-year extension options on a $188 million conduit loan. The borrower is likely buying time to find suitable refinancing, Sean Barrie, a research analyst at Trepp, told Real Estate Capital. “The financials on this deal are exemplary,” he said. “This doesn’t look like the borrower […]
2 min read · 21 June 2016
Aareal Bank has provided a €368 million loan to finance a logistics property portfolio in Germany.
1 min read · 21 June 2016
The Crown Estate has appointed Kate Bowyer (pictured) as its new chief financial officer. Bowyer will join the property company this autumn from shopping centre developer/investor Intu Properties.
1 min read · 21 June 2016
German student housing specialist Deutsche Real Estate Funds (DREF) has raised €63.5 million through the private placement of a euro bond. The bonds have been placed with large German institutional investors, the firm said.
2 min read · 21 June 2016
UK regional mall owner Intu Properties has arranged a new bridging loan with its existing lenders for its £410 million acquisition of the remaining 50 percent of Merry Hill that it did not already own.
1 min read · 20 June 2016
A Mack Real Estate Credit Strategies (MRECS) affiliate has provided a $165 million loan for the refinancing of the Greensboro Station office complex, 640,000 sq ft, three-building property in Tysons Corner, Virginia, Real Estate Capital has learned.
1 min read · 20 June 2016
ING Real Estate Finance has completed the syndication of around €525 million of debt across two large European loans which it underwrote earlier this year, Real Estate Capital can reveal.
2 min read · 20 June 2016
Park Plaza hotels owner-operator PPHE Hotel Group has refinanced its six Dutch hotels and two more in London with long-standing lending partner Aareal Bank.
2 min read · 20 June 2016
European logistics specialist Delin Capital Asset Management has completed a €32 million term loan agreement with ING Bank, secured against a distribution warehouse in Waddinxveen in the Netherlands.
1 min read · 20 June 2016
Requests for large real estate acquisition loans in the UK market halved during the first quarter of 2016, possibly reflecting the market pause ahead of the referendum on the UK’s membership of the EU, according to debt advisor Laxfield Capital.
4 min read · 20 June 2016
