Nassar Hussain’s Brookland Partners has sold a stake in the boutique debt advisory firm to hedge fund Omni Partners. This will allow it to look at new real estate debt strategies – potentially an origination fund. Omni Partners has experience raising capital with institutional investors, with a number of funds under management totaling $650m of […]
2 min read · 10 June 2014
A line up of at least seven or eight banks are in the bidding process to finance the Sanctuary Buildings in Victoria, SW1. The buyer of the 227,000 sq ft office block on Great Smith Street – private equity firm Henley Investments – is seeking a total £135m of debt for a term of three […]
1 min read · 09 June 2014
Citibank has financed Blackstone’s acquisition of a logistics portfolio in France and Germany at a margin in the region of 300 basis points. Its €350m loan represented a 75% LTV against the €473m purchase from French investor Foncière des Régions. The 17 assets are financed for the next five years. Another recent European logistics financing is Blackstone Real Estate […]
1 min read · 09 June 2014
AgFe, the debt asset management firm, has raised £1.4bn of capital for investment in senior commercial mortgages in two new UK funds and is on course to raise £2bn. Retirement specialist LV= has mandated AgFe to invest up to £1bn into investment grade mortgages over the next four years in the friendly society’s first move […]
3 min read · 06 June 2014
Dutch financial group ING has launched a debt investment service to build bespoke portfolios of commercial real estate loans for institutional investors. “This new and unique proposition allows ING REF to leverage its origination and lending capabilities to bridge the gap in the market between capital providers looking for attractive spread products, and real estate […]
2 min read · 05 June 2014
Barclays has provided financing at a margin as tight as 175 basis points for low leverage on “good quality kit” for its long-standing client, Tritax. The bank has issued three separate loans totalling £85m for Tritax’s new REIT, Tritax Big Box REIT, listed last December, to re-gear the purchase of UK distribution centres in the East […]
2 min read · 05 June 2014
ING Bank has provided €120m of finance for Round Hill Capital’s purchase of the largest Dutch residential portfolio to trade since the financial crisis. The five-year debt reflects a loan-to-value ratio of 66%. ING has syndicated some of the debt to two non-Dutch insitutional players. Round Hill has acquired 1,534 units spanning 140,000 sq m for […]
2 min read · 04 June 2014
Legal & General has provided its second loan to the social housing sector this year – a £50m facility to support Housing Solutions’ six-year pipeline of 1,600 affordable homes across the South East. The 40-year debt reflects an all-in cost of sub 5%. Typical loan asset cover levels in the sector are around 105%. L&G’s […]
5 min read · 03 June 2014
Opportunistic investor Bayside Capital has acquired its first non performing loan portfolio in Italy and is about to close its third Dutch deal with joint venture partner M7 Real Estate. Bayside bought the NPLs, with a €40m face value, from Banking Group Cassa di Risparmio di Ravenna. The assets are secured against a mix of apartments, […]
2 min read · 01 June 2014
The UK lending market is “nowhere near dangerous territory” despite a record number of new entrants driving down margins and the first signs of loan to value ratios rising. In his annual Financing Property presentation this morning, this year called ‘Growth is here. Are the foundations solid?’, William Newsom of Savills said that there are a further 52 […]
3 min read · 01 June 2014
