Lending

M&G raises £350m for senior and junior credit vehicles

The manager says the additional capital provides it with £1.3bn in available capital.

ECB sees non-bank real estate lenders as major risk to financial stability

The vice-president of the European Central Bank said alternative debt providers are of greater concern than traditional lenders.

Deutsche Hypo refinances Helaba loan on London office

The bank has provided a £46m loan to South Korean managers Kiwoom Securities and Hana Securities.

US loans drive leap in loss provisions for Germany’s pbb

The bank’s chief executive says he is confident it will ‘get through’ the challenging market conditions.

Berlin Hyp shows faith in offices with Dutch loan

The German bank has provided a €130m facility to Schroders for an office portfolio.

DRC Savills IM provides €38.5m loan for Spanish PBSA refinancing

The three-year facility to developer Princeton Investments has been originated at 60% LTV.

Asset managers in demand to help sift good situations from bad

As loan extensions expire and lenders and borrowers face the impact of higher debt costs on their investments, skilled asset managers are in demand.

LBBW and KfW back German residential portfolio acquisition

The loan, to developer ZAR Real Estate, includes capex for an ESG-focused upgrade of the properties.

Apollo Global Management on why Europe faces a year of opportunity

After a period of recalibration, opportunities abound in European real estate lending, says Apollo’s Ben Eppley.