Lloyds Bank Commercial Banking’s property lending teams this year expect to top the £6.9bn they lent to the sector in 2013. Last year’s figure was the highest since 2007, with about £2.5bn lent by each of the mid-markets and global corporate divisions and close to £2bn by the small and medium-sized enterprises team. John Feeney, […]
1 min read · 02 March 2014
Asian lenders power up Battersea Four Asian banks have under- written £790m of development finance for the Malaysian owner- developers of London’s Battersea Power Station site. Malaysia’s CIMB Bank and Overseas Chinese Banking Corporation, Singapore’s Maybank and Standard Chartered provided a 3.5-year facility for phase 1, including the power station refurbishment, and a five-year loan to […]
1 min read · 21 November 2013
Pensions group BVK is investing in one of Frankfurt’s landmark office towers through debt rather than equity. Bayerische Versorgungskammer has lent €300m, at a 60% loan-to-value ratio, to the three owners of Tower 185. The investment is believed to yield around 3% for BVK investors. BVK made a “long-term real estate loan”, said law firm […]
1 min read · 28 October 2013
DRC’s European Real Estate Debt Fund ll seeks £400m from institutional investors, as managers plan a raft of follow-on mezzanine debt vehicles European mezzanine lender DRC Capital has begun investing its successor fund after raising more than £100m of capital. The firm, founded by Dale Lattanzio, Cyrus Korat and Rob Clayton, is targeting £400m this […]
2 min read · 22 July 2013
1 min read · 18 June 2013
Click here to download issue
1 min read · 01 June 2013
Real Estate Capital commentary •The loan syndications market has picked up, with Insight Investments having taken a participation in three separate deals. The asset manager is buying for its 2007 loan fund, which both buys and originates debt. It took a £25m position in Adelphi, as well as a stakes in Maybourne’s and Intu’s debt. […]
1 min read · 22 May 2013
Click here to download issue
1 min read · 01 May 2013
Click here to download issue
1 min read · 01 April 2013
Click here to download issue
1 min read · 01 March 2013
