Deka to beat UK loan target
Deka Bank is likely to exceed its UK lending target by around 50% this year. The German bank had a target of €600m (£470m) for the UK, but is on track to hit around €900m this year.
Fund discounts hit 21%
Liquidating German open-ended funds are selling assets at record discounts of 21%, according to DTZ. This figure is up from 15% on 2013 deals and a premium of 2% recorded for 2012 disposals as sales hit €2bn in H1 – the highest level since 2012.
Topland in £20m hotel loan
Topland has made a £20m loan to Marick Capital for the development of a 190-bed hotel in Docklands. The Hampton by Hilton hotel, located between Excel and City Airport as part of a new leisure quarter, has a gross development value of £35m.
Hibernia issue to raise €300m
Hibernia REIT is aiming to raise around €300m (£235.4m) via a share placing to fund further acquisitions of Dublin property. The company will sell 285.3m shares priced at €1.05 each having fully invested the €372m raised in its IPO in December 2013.
Grosvenor hits high street
Grosvenor Fund Management has launched its fifth high street retail fund. It has teamed up with a Canadian investor to launch the European vehicle, which will invest in around €400m (£314.3m) of debt and equity in the UK, France, Belgium, Sweden, Finland, Denmark, Italy and Spain.
