Doyle joins Credit Suisse
Credit Suisse has hired Steffen Doyle from Jefferies as its co-head of the EMEA real estate group. Previously co-head of the real estate, lodging and gaming group at Jefferies, he will work with Jaime Riera in London.
Countryside plans flotation
Oaktree-backed housebuilder Countryside plans to float on the stock market. It is to offer at least a 25% stake in the company, from which it expects to raise £114m. Oaktree, management and other shareholders will retain an initial stake after the float, which will complete next month.
Pair secures WC1 funding
Oxford Properties and Brockton Capital have secured financing for the redevelopment of the Post Building, WC1. The jv secured a £230m facility, arranged by Deutsche Pfandbriefbank and BNP Paribas, that represents a loan-to-cost ratio of around 60%. The redevelopment will create a 320,000 sq ft, AHMM-designed mixed-use scheme.
Institutions eye Continent
The UK has fallen behind Germany and France as the top target for institutional money for the first time this cycle. INREV’s Investment Intentions Survey 2016 shows that institutions will assign 13% more capital to property globally in 2016 than in 2015, with 41.9% of capital assigned to Europe. In total, 73.5% of investors are focused on Germany. France takes over from the UK as the second-favourite target for investors’ €48bn (£36bn) of capital.
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