Lending

UK lending report: Loan market has reached the bottom

The report, compiled by The Business School, formerly known as Cass, reveals new UK lending dropped 23% to £33.6bn in 2020.

Helaba’s Müller: There is fierce competition to finance trophy assets

The bank’s head of real estate finance for Germany’s regions says it faced stiff competition to back the €700m Silberturm tower purchase in Frankfurt.

Slate enters US real estate debt market with $2.3bn Annaly deal

The Toronto-based alternative asset manager will now expand its product offerings stateside following the take-private transaction.

Trend watch: UK lenders’ cautious bullishness, pbb backs non-core European logistics, Barings’ debt mandate

Among the past week’s most noteworthy items, Link Group’s latest debt survey found that most UK debt providers expect to increase loan originations in 2021 despite the persisting pandemic.

Blackstone’s Zerda to rejoin LaSalle as head of European debt and special situations

Michael Zerda, head of Blackstone Real Estate Debt Strategies in Europe, will take on Amy Klein Aznar’s role at LaSalle as she becomes executive chair of the debt and special situations business.

UK insurer Phoenix selects Barings for £250m real estate debt mandate

The property manager will target senior loans across a range of UK commercial real estate sectors for terms of up to 50 years.

Link survey: Lenders expect to increase UK loan originations in 2021

According to the advisor’s fifth UK debt survey, lenders are gearing up for a recovery but remain cautious about market conditions.

Cervidae’s Hamilton: Equity is moving into co-working faster than debt

The private investor’s chief financial officer says financing options for its new flexible office development in Birmingham were limited.

Trend watch: Berlin development, QuadReal’s debt ambitions, Primonial talks offices

A €296m construction financing in the German capital, led by Deutsche Hypo, was among the week’s more eye-catching items.

ING’s Shields: There is growing competition to finance non-core European logistics

Debt providers are increasingly looking outside the most competitive markets for logistics lending opportunities, says the bank’s EMEA real estate head.