Insight

Loans in focus: Peach Property tackles debt maturities, Venn backs London housing association, Aareal makes data centres debut

After a fortnight’s absence, Loans in focus is back, with key deal details from the past two weeks; Peach Property Group sources a €440 million financing package to tackle its debt maturities; Venn backs housing association Peabody, funded through a UK government-backed bond; Aareal Bank makes its data centres lending debut; 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.

Venn continues deployment under UK government scheme with £250m loan

The subsidiary lender of ESR Group has around £4bn left to deploy through the scheme.

Germany’s pbb acquires equity manager amid drive for profit growth

The majority purchase of Deutsche Investment Group forms part of the bank’s plans to generate more income from commission contributions.

Term Sheet: Private alternatives’ 401(k) future; Invesco’s billion-dollar bump; California’s construction decline

Private real estate credit managers are sizing up 401(k) plan investor potential following a Trump administration executive order to open investing access; Invesco logs $1.8 billion of commercial real estate loans with a secondquarter boost in activity; California may see construction drought conditions that increase lender competition across fewer available deals; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: pbb’s management move, Blackstone hands back keys in Dublin, Delancey’s bank partnership

After a fortnight’s absence, Term Sheet is back with the key happenings of the past two weeks; Germany’s pbb Deutsche Pfandbriefbank makes a major strategic acquisition; Blackstone hands back the keys of a Dublin office portfolio to its lender; Delancey partners with a challenger bank for real estate credit; and more in today’s briefing, exclusively for our valued subscribers.

Loans in Focus: Tyko’s Jersey City construction; Disney’s SoCal expansion; Madison Realty’s Pennsylvania build-up

Tyko Capital is picking up more construction momentum this week with a $358 million loan for a Jersey City residential development; Intervest and Builders are backing the first phase of a Disney-branded living project in Southern California with a $160 million loan; Madison Realty Capital blends senior and mezzanine financing in a $61.5 million loan for a Pennsylvania multifamily development; and more in our round-up of stateside loan deals from the past week.

Aareal finances first data centre acquisition via €160m loan

The loan, originated on behalf of sponsor Goodman Group, is part of a larger expansion plan.

Term Sheet: PERE Credit’s August/September edition; One Five One’s CMBS refi; Invesco’s top-tier addition

The latest edition of PERE Credit dives into the stabilizing role of commercial real estate debt in institutional portfolios; the growing momentum in the CMBS SASB market with the $1.3 billion refinancing of the Durst Organization’s One Five One tower in Times Square; the bolstering of Invesco’s senior ranks with the hire of Kim Hourihan to oversee its global real estate strategy; and more in today’s Term Sheet, exclusively for our valued subscribers.