Insight

Segro secures €1.6bn revolving credit facility

An existing syndicate of eight banks led by NatWest provided the five-year loan.

Term Sheet: Mavik’s capital mark; CDPQ’s construction pick-up; Fundraising’s debt dial-up

Mavik Capital catches debt fundraising tailwinds with a $350 million first close of its second special opportunities strategy; Caisse de dépôt et placement du Québec builds on its construction financing relationship with Tishman Speyer through a $331 million development loan; Capital raising momentum returned in spades in the first quarter of this year with debt strategies catching steam; and more in today’s Term Sheet, exclusively for our valued subscribers.

PIMCO Prime Real Estate’s Roland Fuchs to retire

The manager has lined up a successor to its longstanding head of European real estate finance.

US lenders shrink back amid tariffs uncertainty, say debt advisers

European advisory specialists report investment banks, including back leverage providers, are nervous.

Term Sheet: Patron’s move into debt, Blackstone’s £798m CMBS, UK REITs in managers’ crosshairs

Patron Capital Partners is the latest high-profile manager to expand into the debt market; Blackstone fuels the European CMBS market with a major UK deal; The privatisation of some UK listed REITs gets closer; and more in today’s briefing, exclusively for our valued subscribers.

Patron expands into real estate debt with strategic hire

The firm is aiming to raise as much as €700m in the next two years for its first dedicated credit strategy.

Sweden’s bank-dominated real estate market ‘needs’ alternative lenders

In this podcast, we explore why Sweden, one of Europe’s most bank-dominated markets, remains fertile ground for non-bank lenders.

Zerda’s second stint at LaSalle comes to an end

The head of debt and value-add strategies for Europe has left the firm after four years.

Kennedy Wilson and AXA IM Alts secure $510m Irish resi refinancing

Wells Fargo and Deutsche Bank were the chosen lenders while 30 debt providers proposed competitive terms.

Loans in Focus: Blackstone prices giant UK logistics CMBS amid market volatility; Leumi UK issues £62m hotel loan

There is a significant piece of news – and positive at that – from the capital markets, despite a quiet week for European real estate debt otherwise. US manager Blackstone today confirmed it has securitised €798 million of debt held in the UK Logistics 2025-1 DAC. Besides this deal, six loans totalling €144 million of debt capital were recorded by Real Estate Capital Europe in the past week and they were all in the UK. Loans included a £62 million hotel refinancing issued by Leumi UK. Find out more about these loans below, plus the other latest additions to the REC Europe lending database in this week’s round-up of lending activity.