Daniel Cunningham

Blackstone is to fund its latest push into the Nordic real estate markets with a €2.6 billion financing of its recently acquired Sponda platform in Finland, in one of the cycle's largest real estate lending deals.

The past decade has been turbulent for European real estate finance, but the market that has emerged is more robust.

Joint owners Hammerson and Allianz Real Estate have closed a €625 million refinancing of Ireland’s Dundrum Town Centre shopping mall in a deal which locks in a sub-2 percent margin for seven years.

Deutsche Bank has provided a £66 million (€72 million) loan to real estate fund manager Aerium to finance the ongoing redevelopment of a central London office and residential scheme.

Patron Capital and Dutch brewer Heineken have completed the purchase of the FTSE 100-listed Punch Taverns – the UK pub chain which is financed by circa £1.32 billion (€1.42 billion) of debt across two securitisations.

German pension fund Bayerische Versorgungskammer (BVK) has increased its exposure to the core London development market through a new loan originated by Deutsche Asset Management.

Advisory services are becoming a more accepted aspect of commercial property markets on this side of the Atlantic, although they lag their heavily intermediated American counterpart.

ICG-Longbow, the real estate debt-focused arm of Intermediate Capital Group, has held a final close of its third senior debt fund on £370 million (€409 million).

Deutsche Asset Management has financed investor NEO Capital's debut UK acquisition, with a £27.6 million loan arranged by advisor HFF on an office scheme in London's Hammersmith area.

Our recent special report on the health of the German real estate lending market laid bare the challenges facing the country’s banks. Driven by their funding model, real estate bankers are under continual pressure to replenish property loans to maintain the pools of assets that back their issuance of Pfandbrief notes; their principle source of […]