Europe

Deutsche Bank refinances Lifestory in £150m deal

The loan is secured by a portfolio of 21 retirement facilities in the UK.

GWM adapts lending strategy in response to higher back leverage costs

The manager plans to reduce its use of loan-on-loan finance as it aims to launch its next credit vehicle.

Bayes: Refinancing with existing lenders represents 52% of H1 UK lending

Overall loan origination in the first half of 2023 was down 22% to £18.8bn, according to the business school’s latest survey.

REC Europe’s Active Lenders 2023: You still have time to make your case

The report, which replaces Europe’s Top 50 Lenders, will be published in December.

Invel raises capital for second Southern Europe opportunity fund  

The London-based manager has already held a first close on €60m and is aiming to raise €300m for a strategy that focuses on Greece and Italy.

Industry must ‘collaborate, not compete’ over climate crisis, C Change Summit hears

Only through collective action will urgent change be achieved, delegates at the Urban Land Institute’s Copenhagen conference are told.

Transition risk is causing property investors to abandon deals, says ULI

More than 60% of respondents to an Urban Land Institute survey said concerns about the risks involved in decarbonising assets have led to acquisitions not going ahead.

Castlelake begins fundraising for €500m European property credit vehicle

The US firm has been growing its European lending exposure in partnership with lender Earlsfort Capital Partners.

ARA Europe refinances Veld Capital’s mixed-use asset in Paris

The manager has provided a senior loan in the region of €25m, which will enable a refurbishment of the property.

AEW creates expanded private debt business with €3.5bn of dry powder

The manager has added an infrastructure-focussed lending platform to its existing real estate debt business to meet growing investor demand for long-dated products.