Insight

McArthurGlen’s Epstein on sourcing a €214m outlet retail refinancing

The loan, secured against a German designer outlet village, was underwritten by Aareal Bank.

Insurers and banks refinance Brussels office tower with €600m loan

The facility replaces a €723.9m loan secured by the Finance Tower, owned by South Korea’s JR Global REIT.

Distress takes an unexpected turn

Opportunities are emerging from troubled assets or owners, but they are not what the industry had anticipated.

Term Sheet: Canyon’s fund close; Fontainebleau’s Florida financing; Tyko’s Manhattan moves

Canyon Partners Real Estate puts its capital-raising abilities on display with $1.2 billion lined up for the third iteration of its real estate credit strategy; high-tier hospitality remains a refinancing bright spot with Fontainebleau lining up a $1.2 billion package for a Miami Beach resort; Tyko Capital continues its year-to-date origination run with a $280 million deal to convert New York’s 77 Water Street from office to residential; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: A major Canary Wharf refinancing, Aareal goes big in outlet shopping, Delancey backs long-income start-up

Canary Wharf Group’s refinancing loan from Apollo Global Management rounds off a significant year of borrowing for the landlord; Aareal Bank’s loan to a north German outlet shopping property indicates lender appetite for the retail format; Delancey gets behind the launch of a secure income lender, broadening its real estate reach; and more in today’s briefing, exclusively for our valued subscribers.

Active loan management remains critical in today’s market, say debt specialists

Although managers are keen to write new loans, sources say they are monitoring existing facilities to protect investor capital.

Delancey expands with launch of secure income lender

The manager’s seeding of Evermill, a secure income lending platform, signals Delancey is continuing to diversify its strategy.

Partners Group seeks ‘vertical depth’ with Empira acquisition

Gaining significant exposure to real estate credit was also a key draw, according to global co-head of real estate Karim Habra.

Welcome to REC Europe’s inaugural Borrowing Barometer survey

Real Estate Capital Europe’s inaugural Borrowing Barometer survey reveals borrowers are keen to acquire as debt costs stabilise.