Europe

Sector specialists on the challenges of accessing the real estate debt opportunity

Conditions are ripe for lending, but barriers to entry in the industry remain high, delegates at PERE’s London event heard.

ECB economist strikes note of calm on banks’ real estate exposure

A senior representative from the central bank played down the risks associated with banks’ commercial property exposure at the PERE Network Europe Forum this week.

Blackstone agrees extension plan for maturing Italian CMBS loans

Noteholders in the retail-focused securitisation will vote on the proposal later this month.

LBBW backs HIH and Partners Group’s LogPark acquisition and redevelopment

The German bank has provided a €60m facility for the Leipzig asset.

Generali adjusts senior strategy to meet demand for higher leverage

As borrowers increasingly seek whole loans, senior funds are more difficult to deploy, according to the manager’s head of commercial debt funds.

Former Bain duo’s new firm originates first loan

Atlas Capital Partners, founded by Sean Tarrant and Christoph Nickel, has provided a £15m refinancing of a Knightsbridge residential asset.

Rothesay grows residential loan book with £110m financing

The insurance company lender has provided a loan against Get Living’s New Maker Yards in Salford.

ICG Real Estate provides £100m development loan for Manchester residential scheme

The London-based manager was selected to provide the financing because it was able to provide a whole loan.

German firm Arcida Advisors begins fundraising for European NPL fund

The Frankfurt-based business is aiming to raise €300m of equity to deploy in Germany, Austria, and Switzerland.

Aareal’s Winkelmann says the lender will ‘master’ US office market woes

Christof Winkelmann, chief market officer at the German bank, said the lender successfully dealt with troubled hotels during covid-19 and will do the same with its US office exposure.