Tag Archives: Royal Bank of Scotland

British Land secures £290m RCF from seven banks and counting

Posted on May 14, 2013 3:12 pm by

British Land has secured a £290m revolving credit facility (RCF) from a consortium of seven international banks, as part of a wider debt raising strategy which has seen the UK’s second largest REIT raise as much as £2.8bn over the … Continue reading →

Gallery | Tagged , , , , , , | Leave a comment

Slotting increases RBS’ risk-weighted assets by further £2.8bn

Posted on May 3, 2013 1:00 pm by

Royal Bank of Scotland has confirmed this morning that compliance with the incoming ‘slotting’ regime for the capital reserve treatment for commercial property lending has prompted a further £2.8bn increase in its risk-weighted assets. Slotting, a legacy capital reserve requirement … Continue reading →

Gallery | Tagged , | Leave a comment

Banks appoint Allsop as LPA receiver on Mapeley’s £115m Delta portfolio

Posted on April 9, 2013 3:10 pm by
mapeley_lowres_logo

This gallery contains 1 photo.

Mapeley, the Fortress Investment Group-owned UK real estate investor, has lost control of 25-strong Delta portfolio valued at around £115m, after the senior debt syndicate appointed Allsop as LPA receiver. Jon Gershinson has been appointed as LPA receiver at the … Continue reading →

Gallery | Tagged , , , , , , | Leave a comment

RBS funds rare €280m German loan for de-levered Summit portfolio

Posted on April 3, 2013 3:12 pm by
RBS (proper) logo

This gallery contains 1 photo.

Royal Bank of Scotland has funded a rare fresh €280m five-year real estate senior loan for Summit Real Estate Group after a restructuring agreement which included €120m in fresh equity. Summit’s 88-strong secondary portfolio comprises supermarkets, offices and light industrial … Continue reading →

Gallery | Tagged , | Leave a comment

RBS will near £50bn CRE de-leveraging since 2008 by year end

Posted on February 28, 2013 4:13 pm by
RBS logo

This gallery contains 1 photo.

Royal Bank of Scotland expects to shrink its non-core global commercial real estate loan book to a rump of less than £15bn by the end of this year which will crystalise a near £50bn de-leveraging programme in five years.  In … Continue reading →

Gallery | Tagged , | Leave a comment

LandSecs’ JV secures £195m three-bank senior and development facilities

Posted on January 23, 2013 3:11 pm by
Frogmore logo

This gallery contains 1 photo.

Land Securities and Frogmore Real Estate Partners have secured a two-tranche £195m three-bank refinancing with the Royal Bank of Scotland, DekaBank and ING Real Estate Finance, including a competitively-priced development margin for their central London joint venture fund. Oriana Limited … Continue reading →

Gallery | Tagged , , , , , | Leave a comment

Highcross secures four-bank £175m refi with RBS, Barclays, HSBC and Santander

Posted on January 14, 2013 11:36 am by
Highcross logo

This gallery contains 1 photo.

Highcross, the UK property investor and developer, has refinanced its maturing debt for its third regional fund with a £175m four-year senior debt facility from Royal Bank of Scotland, Barclays, HSBC and Santander. The four banks funded the facility just … Continue reading →

Gallery | Tagged , , , , | Leave a comment

L&G hires RBS’ Alex Gipson as the insurance lender targets social housing

Posted on January 11, 2013 11:01 am by

Legal & General has recruited Royal Bank of Scotland’s housing finance veteran Alex Gipson within its commercial lending team, as the UK insurance property lender looks to capitalise on a dearth of lending capacity within the niche market segment. Gipson, … Continue reading →

Gallery | Tagged , , | Leave a comment