This gallery contains 1 photo.
Bank of America Merrill Lynch issued the five-tranche €1.07bn Taurus 2013 GMF 1 CMBS on Friday afternoon, secured by Gagfah’s 46,151-strong Dresden multi-family-focused “Woba” portfolio, in the first new issuance European CMBS of the year. BAML’s return new issuance has been … Continue reading
This gallery contains 1 photo.
Intu Properties, the rebranded Capital Shopping Centres Group, has secured a £350m five-year senior loan equally split by UBS, HSBC and Bank of America Merrill Lynch (BAML), with a syndication kicking off on Monday of up to £200m. UBS, HSBC … Continue reading
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
This gallery contains 1 photo.
Crosstree Real Estate Partners, the UK property investor, has financed last December’s maiden investment, 1 – 3 Berkeley Street mixed-use complex in Mayfair, with a five-year £82m senior loan from HSBC and Deutsche Hypothekenbank. HSBC and Deutsche Hypo extended an … Continue reading
This gallery contains 2 photos.
Hammerson, the UK and France retail-focussed REIT, has closed a seven-year dated €500m senior unsecured corporate bond, in an offering which was six times over subscribed. The euro-denominated bond issuance was priced at priced at 145 basis points over … Continue reading
This gallery contains 1 photo.
HSBC’s net European commercial real estate loan book has risen by US$464m over the first six months of this year to $32.56bn, taking the global bank’s entire European property lending exposure to $40bn after “other property-releated loans” to the region. … Continue reading
This gallery contains 1 photo.
Icade, the French real estate investment trust, has closed an €1.55bn refinancing package with eight banks over three tranches led by Société Général, Lloyds Banking Group and Natixis. The major refinancing is guaranteed at corporate level, rather than by Icade’s … Continue reading
This gallery contains 1 photo.
Westfield Group, the global shopping centre developer and manager, priced a £450m 10-year senior guaranteed corporate bond yesterday, as the listed retail property giant seeks to benefit from cheaper alternatives to traditional bank finance. The secured senior debt, which matures … Continue reading
