Term Sheet

Term Sheet: The ECB’s rates cut, Incus’s strategic hire for Germany, LBBW and Delancey’s £235m office loan

The ECB interest rates cut is given a measured welcome by European real estate industry professionals; Spain’s Incus Capital hires with a view to expanding in Germany; LBBW and Delancey’s London refinancing demonstrates lender support for prime offices; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: Trinity’s Diplomat refinance; Blackstone’s CMBS charge; Nuveen’s C-PACE fund close

Blackstone this week supercharged the commercial mortgage-backed securities market with nearly $2 billion of new deals including a critical data center portfolio refinance; The $575 million refinancing of Trinity and Credit Suisse’s Diplomat Beach Resort shows luxury hospitality sector has maintained financing favorability; Insurance companies line up for Nuveen’s second C-PACE lending fund which was closed on $775 million of committed capital; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: Brookfield’s Kingston makes debt prediction, ECB rates cut expected, Blackstone aims for CMBS loan extension

Brookfield’s Brian Kingston tells just launched affiliate title PERE Credit he sees a huge role for real estate debt going forward; Europe’s real estate industry participants poised for ECB rate cut; Blackstone aims to secure an extension to more securitised Italian retail debt; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: A £500m financing for London’s West End, Castlelake provides €489 million loan to SBB, Spring conference season reveals anticipation of forced sales

Ares Management expands its European loan book with a £500 million loan in London’s West End; Castlelake issues €489 million of debt to help embattled Swedish residential landlord SBB; Blackstone scoops $1 billion of senior commercial mortgages from Germany’s pbb Deutsche Pfandbriefbank; a round-up of the spring conference season reveals pressure building for lenders to resolve stressed situations; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: Blackstone’s $1bn portfolio buy; RFR and Kushner’s Brooklyn extension; Deutsche’s Miami moves

Blackstone is expanding its commercial real estate lending market share via a $1 billion pbb Deutsche Pfandbriefbank loan portfolio acquisition; RFR and Kushner Companies scored a four-year extension on the $480 million loan backing a Brooklyn mixed-use campus; Deutsche Bank taps into Miami’s momentum with a $120 million refinancing package on the $6 billion Miami Worldcenter development; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: A €750m data centres financing, German banks get behind Hamburg scheme, Savills highlights growing lender competition

A major data centres debt deal shows the burgeoning asset class suits infrastructure lenders as well as real estate financiers; German banks demonstrate demand for prime financing deals with the backing of a Hamburg asset; Savills suggests some lenders are prioritising financing volume over return; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: Blackstone’s bank loans purchase, Goldman’s $7bn fundraising, Arrow’s Spanish expansion

Blackstone is reportedly poised to buy property loans from a German bank in what could prove to be a landmark transaction; Goldman Sachs Alternatives raises $7 billion as it readies for the lending opportunity; Arrow Global makes headway in Spain with a platform acquisition; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: Paramount’s FiDi focus; Related’s Miami momentum; 1031’s bridge fund launch

Paramount plots the redevelopment of a New York office tower with $575 million of financing from Aareal Capital; Related, Kennedy Wilson and United Fire continue construction momentum in Miami’s Wynwood neighborhood with $141.5 million deal; senior housing continues to draw attention as 1031 Crowdfunding launches a bespoke bridge fund for the sector; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet: Europe’s first data centre securitisation, Blackstone’s latest CMBS, Canary Wharf refinancing progress

A pioneering data centres securitisation demonstrates a broadening of financing options for the growing asset class; Blackstone kicks off the UK’s 2024 CMBS market with an ‘industrial outdoor storage’ deal; Canary Wharf Group secures fresh financing across its London estate; and more in today’s briefing, exclusively for our valued subscribers.