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Latest BANKS AND LENDING news
Primary Health Properties (PHP) has made its second investment in Ireland as the company embarks on its first private placement issuing £100m in 10-year senior secured notes.
Saïd Holdings has completed a £137.5m refinancing of the debt on its Canary Wharf office building, 5 Churchill Place.
Urban & Civic has secured a £45m loan from the Homes and Communities Agency (HCA) to help fund the development of a 1,400 acre former airfield near Huntingdon in Cambridgeshire.
UK house price growth slowed in the three months to February, but were still 5.1% higher than in the same period a year ago.
ICG-Longbow is looking to raise more than £40m to grow the capital base for its senior debt vehicle, the £112.57m ICG-Longbow Senior Secured UK Property (SSUP) Debt Investments.
Tritax Big Box REIT has agreed a £90m loan with PGIM Real Estate Finance to fund further asset acquisitions.
The volume of syndicated commercial property loans in the UK and across Europe, the Middle East and Africa (EMEA) fell sharply in 2016, Dealogic data has revealed.
Benson Elliot has secured a £35m loan from pbb Deutsche Pfandbriefbank to help fund its acquisition of Slough Retail Park.
Regional REIT has reported a 2.25% increase in the like-for-like value of its portfolio in 2016 in its maiden full year results.
AEW has raised more than €415m of equity from several international institutional investors for its Europe City Retail Fund – exceeding the fund’s initial target of €400m.
Mergers and Acquisitions
GVA Worldwide has established two new affiliated partners covering Croatia, Slovenia and Bulgaria to further expand its position in Central and Eastern Europe (CEE).