Sectors

Brookfield granted £460m Citypoint debt extension after planned sale stalls

The Toronto-based manager wanted to find a buyer for the London office tower by 20 January, prior to the expiration of the underlying commercial mortgage-backed securities loan.

Owner of Frankfurt office and hotel complex secures extension for €531m CMBS loan

Special servicer SitusAMC has agreed to a one-year extension on the loan backed by The Squaire, which was set to mature this month.

Insurers and banks refinance Brussels office tower with €600m loan

The facility replaces a €723.9m loan secured by the Finance Tower, owned by South Korea’s JR Global REIT.

Distress takes an unexpected turn

Opportunities are emerging from troubled assets or owners, but they are not what the industry had anticipated.

Building behind the loan: Cœur Défense

The office complex has recently been refinanced for more than €600m by a syndicate of French banks.

Canary Wharf Group moves closer to refinancing following Brookfield’s equity commitment

The £900m equity backstop committed by shareholder Brookfield is designed to gain bondholders’ approval for raising fresh debt.

Amundi, Koramco line up €240m financing on Amsterdam’s Atrium complex

Berlin Hyp and DZ Hyp, both new lenders on the deal, stepped in after the building’s owners injected €60m into the property.

ECB: Policymakers must remain ‘vigilant’ to commercial real estate risks

The central bank says private credit lending and specialist real estate banks could pose unseen issues for financial stability.