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 →

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 →

Lloyds Bank closes £9bn new business in 2015 including record syndication levels

This gallery contains 1 photo.

Lloyds Bank closed approximately £9bn worth of UK commercial real estate (CRE) loans in 2015, of which an estimated £2bn to £3bn was syndicated through the bank’s commercial real estate team. The £9bn total is comprised of Lloyds’ separate CRE … Continue reading →

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 →

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

This gallery contains 1 photo.

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 →

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

This gallery contains 1 photo.

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 →

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 →

BNP Paribas and Crédit Agricole extends competitive €450m seven-year Tour First financing

AXA Investment Managers Real Assets has secured a €450m seven-year senior loan to finance its acquisition of Tour First office tower, France’s tallest building, from BNP Paribas CIB and Crédit Agricole CIB. AXA IM paid €825m, on behalf of a … Continue reading →

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

This gallery contains 1 photo.

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 →