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Apollo-Rida, a joint venture between AREA Property Partners and Rida Development Corporation, and AXA Real Estate Investment Managers (REIM) have refinanced their joint venture 28-strong shopping centre, retail park and hypermarket portfolio in Poland with €650m in senior debt from … Continue reading
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Value Retail, developer and operator of outlet shopping villages across Europe, has refinanced Bicester Village in Oxfordshire with a five-year £320m four-bank club syndicate led by Lloyds Bank Commercial Banking and including Helaba, The Royal Bank of Scotland and Santander. … Continue reading
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Legal & General Property has extended its bank facilities for its UK Property Income Fund with two separate lines from Santander totaling £63m, providing sufficient firepower complete the fund’s UK prime investment drive. The UK Property Income Fund (UK PIF), … Continue reading
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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
Evans Randall has brought to market 5 Canada Square in Canary Wharf, E14, for around £380m, two years after a Lloyds Banking Group restructuring effectively reset the original purchase price to circa £365m. The asking price represents a net yield … Continue reading
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Brookfield Office Properties closed the financing of 99 Bishopsgate with £150m five-year senior loan from a three-bank consortium led by Wells Fargo, which follows the US investment bank’s UK real estate lending strategy of financing major US clients in London. … Continue reading
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Assura Group, the listed specialist healthcare property investor, has kicked off its REIT conversion campaign today which is expected to be completed by this autumn, in a strategy designed to open up its listed stock to a wider universe of … Continue reading
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Spain’s two largest banks, Santander and Banco Bilbao Vizcaya Argentaria (BBVA), have increased real estate loan provisions by €4.5bn. The moves come in the aftermath of last week’s partial privatisation of Bankia and the Bank of Spain’s demand for the … Continue reading
