Office

China Life staves off Aldgate Tower loan default with equity injection

The insurer has secured an 11th-hour extension to a securitised loan after agreeing to provide equity as part of a refinancing package.

Hines sees credit opportunity in limited swath of office deals

There will be several chapters to the story of the office sector’s next recovery, says global chief investment officer David Steinbach.

Rating agency downgrades notes in Blackstone’s Finnish CMBS

Morningstar DBRS believes the outstanding loan balance is higher than the value of the assets, as rental income declines and vacancy increases.

Delancey finances office acquisition in latest London debt deal

The firm’s head of real estate debt strategies sees more opportunities for non-bank lenders.

Citi leads €720m Nordic flexible offices refinancing

The debt was provided to Finnish company Technopolis, owned by manager Kildare.

More loans sales ‘in the pipeline’ to free up lending capacity, says pbb

Kay Wolf, chief executive officer, says the German lender is focused on disposing of loans but will reinvest the capital in new business.

Inside the deal: An ‘impossible’ €440m Brussels office financing

A loan from six banks funded the €880m purchase of offices for a retrofit project without a lease.

Canary Wharf’s offices weigh on its next refinancing challenge

The landlord has sourced £533m of fresh financing but faces a wall of office-related debt maturities in the coming years.