Insight

Aareal’s €182.5m Paris office loan demonstrates faith in upgraded assets

The refinancing of 32 Rue Blanche in Paris’ ninth arrondissement was secured by Toronto-based investor Oxford Properties following its renovation.

Aareal lends £275m to Henderson Park for Scottish and Irish hotels

The financing issued by the Wiesbaden-headquartered lender will enable the owner to undertake extensive renovation work.

NatWest homes in on £2bn BTR lending target

The bank’s build-to-rent target demonstrates lender appetite for the private rented sector.

Term Sheet: Rockefeller Center’s refinancing; Crow’s credit fund launch; Ares’ industrial recharge

The $3.5 billion refinancing of New York’s Rockefeller Center affirms there is still debt capital ready to move for owners of premier office assets; Crow Holdings Capital is out on the road raising a real estate credit fund, joining peers making similar moves this year; Ares Management has solidified more industrial sector exposure with a $475 million financing for a 25-asset portfolio; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: Newcore’s social infrastructure financing, Goldman Sachs AM on normalised rates, a big change to the REC Europe Awards

Newcore Capital’s loan from HSBC demonstrates lender support for social infrastructure real estate; Goldman Sachs Asset Management’s outlook on the interest rate and real estate environments provides positive notes; Real Estate Capital Europe’s 2024 awards are due to be launched with a significant change to how the winners are determined; and more in today’s briefing, exclusively for our valued subscribers.

The Real Estate Capital Europe Awards are changing

As we prepare to open for submissions next week, we would like to inform you of major updates being made to the awards process.

Newcore secures £80m HSBC financing for ‘social infrastructure’ properties

There is increased lender interest for socially-minded projects, even if a sustainability-linked loan isn’t part of the agreement, says the firm’s COO.

Real estate bond issuance ‘exceeds’ expectations as demand surges, says ING

The Dutch bank found real estate bond issuance hit €19bn through mid-October, beyond the €15bn it expected for all of 2024.

Chatham Financial: Debt hits ‘accretive levels’ following interest rate cuts

The company says five-year lending rates saw a ‘material decrease’ as central banks’ easing cycle began during the third quarter.

Term Sheet: New York Life’s industrial ante; Worldwide Plaza’s servicing status; Barings’ backyard bet

New York Life is upping its industrial debt exposure this week with a $570 million financing for EQT Exeter; SL Green and RXR Realty are contending with obstacles at Worldwide Plaza with the office’s loan sent to special servicing; Barings looks to its North Carolina backyard for a $134 million financing for a mixed-use multifamily asset in Raleigh; and more in today’s Term Sheet, exclusively for our valued subscribers.