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Situs Asset Management, the loan servicing subsidiary of The Situs Companies, has appointed Brookland Partners as its financial adviser on the Vanwall Finance CMBS loan, secured by a 31-strong UK Toys r Us property portfolio, two months ahead of the … Continue reading
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Grosvenor has raised £90m of long-dated debt in a UK bond private placement, which is the second issue of its kind by the Duke of Westminster’s property company in the last 18 months as the trend towards unsecured funding continues. … Continue reading
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Royal Bank of Scotland’s group chief executive Stephen Hester today signalled the bank’s appetite to lend more across all major sectors of the UK economy. In a speech to be delivered to the British Chambers of Commerce today, Hester said: … Continue reading
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Marriott’s St Pancras Renaissance Hotel, co-owned by Manhattan Loft Corporation and Lord Fink, has competed a £67m senior debt refinancing with Barclays Corporate and the Royal Bank of Scotland. The new four-year facility will enable the five-star hotel to further … Continue reading
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The Miller Group has reduced its company debt by more than £400m, through a comprehensive equity and debt restructuring helping the UK housebuilder and property developer turn the corner after four successive years of annual pre-tax losses. At the turn … Continue reading
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The Royal Bank of Scotland has re-invested debt repaid by The Miller Group back into the UK housebuilder, in an effective debt-for-equity swap to capture anticipated upside in the company’s future performance. The Miller Group, the UK’s largest privately-owned housebuilder, … Continue reading
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Great Portland Estates, the central London REIT, has signed a five-year £150m unsecured revolving credit facility (RCF) with four banks including Royal Bank of Scotland, Lloyds Banking Group and Santander. The new RCF, or revolver, has a headline margin of … Continue reading
Royal Bank of Scotland has £25.6bn worth of UK commercial property loans which have matured or are due to mature this year across its combined core and non-core loan books, according to its annual results published this morning. The aggregate … Continue reading
