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Property Week Finance - Banks and Lending

News and features about lending to the property sector.
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Latest BANKS AND LENDING news

Brexit

UK banks regain market share after retreat

27 April 2017

UK banks and building societies regained market share in 2016 after several years of retreat, according to the 2016 year-end De Montfort UK Commercial Property Lending Report.

Bullring, Birmingham

Hammerson buoyed by £360m debt deal

21 April 2017

Hammerson has signed a £360m unsecured revolving credit facility with a syndicate of 14 lenders, including five Asian banks that had never previously lent to the company.

Investec

Ballymore agrees first loan since NAMA exit

20 April 2017

Ballymore Group has agreed its first loan since exiting NAMA at the end of 2016 with Investec Structured Property Finance.

Robert Orr

Titlestone makes one of its largest-ever loans

7 April 2017

Titlestone Property Finance has made one of its biggest loans to date supporting Hodson Developments with a £36m revolving facility for a major scheme in Kent.

Investec

Investec backs Curlew Student Trust with £47.6m loan

6 April 2017

Investec Structured Property Finance has agreed to provide a £47.6m development loan to Curlew Student Trust for a 527-bed scheme in Walthamstow that will roll into an investment loan.

Fox Court, Gray's Inn Road

PGIM agrees £50m loan on Fox Court

5 April 2017

PGIM Real Estate Finance (RFP) has agreed a £50.1m loan to an investor who acquired Fox Court, a 103,555 sq ft office property in London’s midtown district.

West One Loans logo - 636px

West One Loans slashes rates for bridging loans

4 April 2017

Specialist bridging lender West One Loans has cut rates for unregulated residential loans by up to 0.4% a month.

Safestay

Safestay agrees refinancing and sale-and-leaseback deal

31 March 2017

Safestay has agreed an £18.4m refinancing with HSBC and completed a sale-and-leaseback deal on its hostels in Edinburgh and Elephant & Castle, raising gross cash proceeds of £12.6m.

Property Companies

PHP

PHP boosts portfolio

26 April 2017

Primary Health Properties (PHP) has revealed it added £13.5m of acquisitions to its portfolio in its latest trading update.

More property company financial news



Fund Management

PGIM 42 rue de Paradis

PGIM raises £1bn debt fund

27 April 2017

PGIM Real Estate has raised by far its biggest real estate debt fund to date, securing commitments totalling over £1bn for PRECap VI.

More property fund management news

Mergers and Acquisitions

Camden Lock Market

Sagi hopes to revive Market Tech by taking firm private

28 April 2017

Market Tech - the company that owns a large slice of London’s Camden Town - is set to be taken private by majority owner Teddy Sagi’s LabTech little more than two years after its flotation.

More news on property firm mergers and acquisitions