BANKS AND LENDING
Hammerson has raised $450m from US institutional investors, as it positions itself to take advantage of a recovery in the consumer economy.
It is no secret that the fundamental shift in the UK residential property market away from home ownership has placed an ever-increasing importance on the private-rented sector (PRS).
Hayley Adams and Mark Bladon are members of Investec’s structured property finance team
Legal & General Property is expected to “hold for the long term” after making a huge bet on the fortunes of the Royal Bank of Scotland with the purchase of a £550m property portfolio let to the state-owned bank.
Vince Cable refers findings of report to Financial Conduct Authority and Prudential Regulation Authority
Barclays has taken on £130m of senior debt from DRC Capital and Cheyne Capital secured against Queensgate Investments’ Executive Offices Group.
Apollo Global Management has been picked as the preferred bidder for the £400m distressed portfolio being sold by Aviva Commercial Finance, Property Week can reveal.
Royal Bank of Scotland’s property restructuring division has been attacked in a report commissioned by business secretary Vince Cable, and could by investigated by financial regulators.
Morgan Stanley has narrowed down bids for its mortgage-servicing business to two possible parties.
Lloyds Banking Group has put Avant Homes, the residential developer formerly known as Gladedale, up for sale.
More bank and non-bank capital is becoming available for lending secured by lower quality assets, according to new research by DTZ.