Helaba has appointed Nicola Bayes as a director in its new syndication team for real estate.
Bayes joins from BAWAG, where she spent two years in the real estate finance team, prior to which she worked for DG HYP and Bradford and Bingley. She will join Helaba on 28 September.
Bayes’s appointment follows that of Norbert Kellner in June to run the debt capital markets real estate team at Helaba.
She will work with Kellner in boosting the company’s structured finance offering to complement its balance sheet business.
Deals completed this year include the £140m financing of Oxford Properties purchase of the London Stock Exchange building, King Edward Court, EC4, in joint venture with Dekabank.
Several major investment banks are also in the market looking to recruit real estate structured finance specialists, including Morgan Stanley.
It comes ahead of an anticipated return for UK multi-loan conduit deals, with banks already rumoured to be working on projects, speakers at a CBRE loan servicing conference said this week.
Deutsche Bank is thought to be a likely frontrunner to do the first multi-loan CMBS deal in the UK since the downturn.
However, it is thought to be more likely that any such deals would comprise just three to five larger individual assets, rather than the large pre-crash CMBS deals which often included dozens of individual loans.
Jack.Sidders@estatesgazette.com
