Term Sheet

Term Sheet: BlackRock discusses the impact of inflation on real assets, investors debate single-family rental housing investment, Aareal refinances Ghelamco’s new mixed-use campus in Warsaw

BlackRock discusses how inflation impacts the use of debt secured against real assets; affiliate title PERE delves into the controversial topic of investment in single-family rental housing; Germany’s Aareal refinances a major new development in Warsaw; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: Last chance for Europe’s biggest residential consolidation; Debt liquidity for repositioned offices increases; New London hotel gets refinanced

Vonovia launches “last takeover offer” bid for Deutsche Wohnen; Latest office refurbishment loans show lenders’ growing eagerness to back the sector’s transition; Resolution Property sources £85 million (€99 million) facility to refinance The Hyatt Place London City East hotel; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: Will NatWest’s retail loan sale serve as a benchmark?, LendInvest’s £150m funding boost, Spain’s biggest data centres debt deal to date

The sale of NatWest’s distressed shopping centre loan portfolio Project Mercatus offers a reference point for investors evaluating UK distressed shopping malls; LendInvest expands its capital sources through a £150 million (€176 million) partnership with banks Barclays and HSBC; A syndicated loan to fund data centres in Spain has been upgraded to €320 million; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: BlackRock’s first European real estate debt fund, Capital Bay’s €1.5bn fundraising drive, Frogmore and Morgan Stanley’s London refinancing

US investment giant BlackRock has closed its first dedicated European real estate debt fund on €609 million; German manager Capital Bay aims to raise €1.5 billion for its property loan fund; Frogmore and Morgan Stanley secure finance for London’s Notting Hill Gate Estate; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: APG’s Kanters talks real estate debt, Nuveen hires Hansell from Cairn, ING and UniCredit go green in Milan

Patrick Kanters of APG Asset Management discusses debt’s place in the investor’s portfolio; Nuveen hires property credit specialist Peter Hansell from Cairn Capital; ING and UniCredit provide a €130 million green loan in the heart of Milan; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: Kinetic secures backing for student housing lending, Tikehau closes its second oppo fund, Barrack pleads not guilty in the US

Kinetic Capital secures backing from StepStone Real Estate for student housing lending; Tikehau Capital exceeds its target as it closes its second opportunistic vehicle; real estate mogul Tom Barrack pleads not guilty to illegal lobbying charges; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: Kennedy Wilson bolsters its European lending strategy, Tyrus Capital launches a new debt fund, European real estate investment looks healthy in Q2

Kennedy Wilson secures a €700m capital commitment for its real estate lending drive; Tyrus Capital launches a third vehicle for its mid-market loans strategy; CBRE figures show a year-on-year improvement in European property investment; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: Lenders back repositioning projects, Cerberus snaps up Spain’s Jaguar portfolio, and Goldman loses a long-time real estate credit executive

Berlin Hyp and BentallGreenOak back repositioning projects in Amsterdam and London; Cerberus acquires Spain’s biggest distressed portfolio of the covid era; credit veteran Peter Weidman leaves Goldman Sachs; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: Morgan Stanley launches London office CMBS, Aviva provides £276m sustainable loan to Bruntwood, Cain sources €100m for its German debut

US lender Morgan Stanley launches a securitisation of a loan backing London’s Aldgate Tower; Aviva provides a £276 million (€323 million) sustainable loan to UK landlord Bruntwood; Cain International and FREO Group source €100 million of bank debt for their Munich development; and more in today’s briefing, exclusively for our valued subscribers.

Term Sheet: Lone Star returns to UK hotels as a lender, Incus Capital prepares its next credit fund, private real estate’s most influential women recognised

Lone Star makes its return to the UK hotels market with a £100 million-plus loan; Madrid-based Incus Capital targets a new €500 million credit fund with real estate debt in the remit; the private real estate industry’s most influential women are recognised; and more in today’s briefing, exclusively for our valued subscribers.