US property companies are heading to Tel Aviv to access a new source of competitive capital Back in 2006, Boaz Gilad, CEO of Brooklyn-based condominium developer Brookland Capital, met with a group of Israeli financial consultants to contemplate doing something that no US-based real estate owner or developer had done before: launch a bond in Israel to raise […]
6 min read · 05 September 2014
Enterprise Finance, the mortgage broker backed by ISIS Equity Partners, is bidding to tap the growing market for bridging finance for property development following the takeover of specialist lender West One Loans. Enterprise, which is the UK’s largest specialist distributor of secured loans, has funded the transaction through a combination of cash and equity although […]
2 min read · 05 September 2014
Real estate debt funds targeting Europe have already raised more capital in 2014 than in any year since the downturn, according to research from Real Estate Capital’s parent PEI Media Research and Analytics. In the first half of 2014 alone $9.97bn was raised by funds targeting Europe, accounting for 53% of all real estate debt funds […]
2 min read · 05 September 2014
Three German banks have added €208m of bank funding at a competitive all-in cost of 2.2% to the Segro European Logistics Partnership (SELP), Real Estate Capital can reveal. Helaba, Aareal and Deutsche Pfandbriefbank, all existing lenders to the joint venture between the UK REIT and Canadian pension fund PSP, have provided the additional finance. The […]
2 min read · 04 September 2014
A group led by Bank of America has provided developer John O’Donnell of O’Donnell Investment Co. with a $296m loan for the construction of a 53-story riverfront office tower in Chicago, Illinois. Bank of America partnered with German bank Helaba and British-owned American bank RBS Citizens. The financing takes the form of a four-year, floating […]
2 min read · 03 September 2014
Beacon Capital Partners France has refinanced the country’s tallest office tower through a €600m refinancing package from pbb Deutsche Pfandbriefbank, Aareal Bank and Blackstone Real Estate Debt Strategies. A maturing loan secured against First Tower in Paris’s La Défense business district, was replaced with €515m of senior debt and an €85m mezzanine loan. The 758 […]
2 min read · 03 September 2014
Deutsche Bank’s European head of mergers and acquisitions for real estate, gaming and lodging has joined Jones Lang Lasalle. John O’Driscoll has left the bank after eight years and will become part of the advisory firm’s corporate finance department where he will take up the new role of head of mergers & acquisitions for Europe, […]
2 min read · 03 September 2014
Blackstone Mortgage Trust has made its entry into continental Europe, issuing its first loan there, on an office portfolio in the Netherlands. Blackstone’s US REIT provided a €28m senior loan for joint venture partners Angelo, Gordon and Valad Europe, secured on the Equinox portfolio of nine Dutch office buildings. In May the investors paid €37m for the […]
2 min read · 02 September 2014
CREFC Europe is organising a seminar focused on interest rate hedging as the prospect of a hike becomes increasingly more likely.
1 min read · 01 September 2014
A trio of banks have supplied Kennedy Wilson Europe Real Estate with £225m, in the listed investor’s first corporate debt facility. Bank of America Merrill Lynch, Deutsche Bank and JP Morgan have put in place a three-year, unsecured, floating rate revolving facility of up to £225m. The company intends to use the funds for general […]
2 min read · 01 September 2014
