Category Archives: Private equity real estate

Tishman Speyer finances The Economist Plaza with £75m Deutsche Pfandbriefbank loan

Tishman Speyer has financed its £132.5m purchase of London headquarters of The Economist Group with a £75m five-year senior loan from Deutsche Pfandbriefbank (PBB). The Economist Plaza, located at 25 St James’s Street, comprises three mixed-use buildings – the Tower … Continue reading

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BAML refinances Certeum for Blackstone’s Logicor in potential CMBS

Logicor, Blackstone’s European logistics platform, has selected BAML to refinance Certeum’s logistics property portfolio with a €575m five-year senior loan which the investment bank will either securitise in a new CMBS transaction or syndicate. Certeum, a logistics and industrial property … Continue reading

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Propertize’s Reinout Van Riel discusses state of the NPL market ahead of European NPL conference next week

With just 10 days before the NPL Europe 2016 spring summit kicks off in London, CoStar News speaks to three of the key companies participating to hear their thoughts on the dynamics of the European non-performing loan market space. Reinout … Continue reading

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UK CRE portfolio market warms up with £500m in live deals

Approximately half a billion pounds in UK commercial property investment portfolios has come to market within the last couple of weeks, as deal flow finally starts to pick up. It has been a relatively slow start to the year for … Continue reading

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Tim Knowles finances Lea Valley DPO with £73m finance package from Aviva Investors and Pramerica

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Tim Knowles has closed the purchase and financing the 24-strong regional industrial Lea Valley portfolio, which he used to own directly, financed with a mixture of senior and mezzanine financing. Knowles agreed a discounted purchase offer (DPO) for £90m last … Continue reading

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Inside Propertize’s complex €5.5bn Project Swan corporate sale

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Bidders have approximately two weeks to submit first round indicative bids for Propertize, the Dutch State-owned real estate bad bank, for which the floor price for a viable trade looks to be around €3.1bn. The proposed private auction sale of … Continue reading

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Market volatility likely to spill over into higher real estate margins and reduced liquidity

Liquidity in real estate finance markets has tightening in the early weeks of the New Year, as banks react to renewed Chinese equity market volatility with caution. Events in world equity fixed income and commodity markets in recent weeks have … Continue reading

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Park Street appoints former Mapeley Estates’ Phillip Bennison as head of property

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Park Street Advisors has recruited Phillip Bennison, former head of asset management at Mapeley Estates, in the first of several new arrivals expected in the coming months at the European structured real estate private equity firm. Bennison joins Park Street … Continue reading

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Lloyds Bank extends a £185m debt facility for retail development scheme at The O2

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Lloyds Bank Commercial Banking has extended a £185m debt facility partly to finance the development a new designer outlet retail scheme at The O2 in London for joint venture partners Crosstree Real Estate Partners and Anschutz Entertainment Group (AEG). Crosstree … Continue reading

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