Europe

Värde provides €70m refinancing for mixed-use portfolio in Ireland

The sponsor – developer the Moran Group – attempted to sell one of the assets, the Rockpoint apartment complex, last year.

MIPIM 2024: The debt funds are ready, but the deals are missing

Options for alternative lenders to capitalise on the opportunity in real estate debt are taking longer than expected to manifest in Europe.

MIPIM 2024: Attendees hopeful for rate cuts, expect more NPLs

There was optimism at the Cannes event for more transactions amid predicted falls in interest rates, but several expect distress on European bank loans

Germany’s pbb Invest readies maiden whole loan property vehicle

The subsidiary of German lender pbb Deutsche Pfandbriefbank is speaking to investors about raising up to €500m.

Blackstone’s Jay: ‘We think 2024 is a market in which to transact’

The manager has sourced c€26bn of European debt since the start of 2023, and its borrowing specialist is confident about market conditions ahead.

ActivumSG appoints fundraising veteran Lemer for growth drive

The firm has hired a former EQT Exeter executive to lead fundraising, with credit-based strategies expected to be included.

ADIA confirmed as £650m investor in Cheyne’s latest debt vehicle

The sovereign wealth fund has made a commitment to the ninth vintage of the manager’s flagship real estate credit strategy.

Cale Street provides £480m loan for AXA’s ‘landmark’ London office scheme

The borrower acquired 50 Fenchurch Street in 2022 and plans to develop a circa £1bn office tower.

CBRE IM upsizes RCF to €750m

The manager’s original €450m facility has been increased, with new lenders Deutsche Bank and CACIB added.