News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

€1.2bn Deutsche loan saves Italian property sale

An investment group recently spun out of Deutsche Bank has turned to its former owner for a €1.2bn ($1.5bn) loan to help seal a property deal in Italy, after its original lending banks walked away.

DB Real Estate Opportunities Group, which was spun out of Deutsche Bank at the end of last year, has borrowed €1.2bn from the German bank to help pay for its purchase of New Real, the property arm of Italian power utility Enel.

WSJ Logo