Bridget O’Connell
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Russia ousts UK in shopping centre league
MAPIC: Russia has overtaken the UK as Europe’s second-largest shopping centre market, according to Cushman & Wakefield’s European shopping centre development report.
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RBS boosts Scots lending with £93m
Royal Bank of Scotland has provided a jv between Ediston Real Estate and Europa Capital with a £93m loan in one of its largest deals in Scotland this year
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Briefing: China’s outbound boom
Britain is benefiting from outbound Chinese real estate investment which has climbed to $33.7bn (£21bn) since the global financial crisis, but the US remains most attractive.
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Lenders go low for Gherkin
Lenders are lining up to provide finance for the Gherkin, EC3, in a deal which could set a record low for new-generation lending margins.
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Cornerstone in junior debt play
Cornerstone Real Estate Advisers has secured a new mandate to make a push into higher-yielding European debt.
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European Central Bank reveals real estate stress
The ECB’s comprehensive assessment has deployed a standardised definition of non-performing debt and revealed a 17% jump in the total amount of NPLs held by European banks
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Battersea secures further £1.35bn of financing
FINANCE: The developers behind Battersea Power Station have secured £1.35bn of funding to finance the third phase of the £8bn scheme.
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AQR: €24.6bn shortfall to trigger NPL sales
FINANCE: The conclusion of the European Central Bank’s Asset Quality Review is likely to trigger a wave of real estate loan and asset sales.
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Marston’s grabs £2.5m sites
Marston’s has bought two London development sites in Belvedere, Bexley, and Dagenham for a total of £2.5m.
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L&G seals Travelodge deal
Legal & General Property has completed its purchase of Piccadilly Gardens Travelodge in Manchester.
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Axa takes W6 estate
Axa Real Estate has completed the acquisition of 77 Fulham Palace Road, Hammersmith, W6.
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KKR signs JP Morgan Debt specialist
Kohlberg Kravis Roberts & Co has added a JP Morgan debt specialist to its London-based real estate team. The private equity firm has appointed Rayon Taylor as an associate. He…