Western Europe

Brookfield puts London’s Citypoint tower on the market

The debt secured on the 36-storey office building is due to be repaid in January 2025.

Savills’ Down: Rate cuts do not necessarily mean better pricing

Those expecting values to be correlative to debt ‘are holding out for something that won’t happen’, says the capital markets executive.

Alternative lenders look for opportunities amid Germany’s real estate crisis

German banks face huge uncertainty as the country’s real estate sector gradually resets. Private debt managers are aiming to capitalise on the disruption.

Roundtable: A fresh take on Germany’s future

Real estate specialists say the country’s market needs innovative lending solutions

Alternative lenders step in to finance German recovery

Non-bank lenders are finally being compensated for risk in Europe’s largest real estate market and have a crucial role to play in capital restructuring, according to PIMCO’s Roman Kogan and PIMCO Prime Real Estate’s Roland Fuchs.

Blackstone and Brockton source £520m refinancing for flexi offices JV

Fora’s refinancing was partially provided by a CMBS underwritten by Bank of America.

Apollo’s Demire extends bond debt ahead of maturity

The €499m bond, due to mature in October, was restructured with the help of a €100m loan from majority shareholder Apollo.

Hammerson and PIMCO refinance Irish shopping centre for €350m

The loan, for Dundrum Town Centre, replaces an existing €570m facility due to mature in September.

Related Argent taps NatWest for Kings Cross BtR development refinance

The £85m loan from NatWest will replace existing construction debt from Oaktree Capital Management.

Barclays originates its largest-ever social housing trade facility for SNG

The unsecured £50m facility will be used for the development of 25,000 new homes over the next 10 years.