JANE ROBERTS Lloyds makes a bigger splash as debt tide shows signs of turning
Real Estate Capital commentary As 2012 draws to a close, the biggest UK financing deals in the market are for hotels. DekaBank and Credit Agricole are refinancing the maturing loan on Londonโs Savoy for the landmarkโs royal Saudi Arabian owner, while three banks are underwriting and arranging finance for ADIA of Abu Dhabi to buy [โฆ]
The Commercial Real Estate Finance Council Europe has formed a European lender committee to produce lending market standard principles for property finance, chaired by BNP Paribas head of real estate finance Peter Denton. The group will circulate draft guidelines to CREFC members in the next two weeks, before releasing them to the market. The investor [โฆ]
CBRE calculates that ยฃ80bn of debt is backed by seriously ๏ฌawed assets, reports Jane Roberts