Real Estate

Property M&A drives a boom for bond bankers

Banks including Deutsche and JPMorgan are riding high on a record start to the year for issuance in Europe

A mirror image of l'Eixample, Barcelona.
A mirror image of l'Eixample, Barcelona. Photo: Roc Canals Photography/Getty Images

After mergers bankers made hay from European property companies' acquisition rush last year, it is now the turn of their colleagues in debt capital markets to enjoy a bumper spell for business as those deals get funded.

Books opened on Friday on an €800m bond sale from Adler Real Estate, being run by sole global co-ordinator JPMorgan and bookrunners Deutsche Bank, Goldman Sachs and Morgan Stanley.

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