All Banks & lending articles – Page 8
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OnlineSwiss Life secures €650m at close of Foncière Vesta JV
Ampere Gestion and Swiss Life Asset Managers Real Estate France have raised €650m (£578.7m) for the closing of its Foncière Vesta joint venture.
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Online
Merseyside Pension Fund backs historic Liverpool hotel redevelopment
The Merseyside Pension Fund has agreed a £20m senior loan to support Marcus Worthington Group’s regeneration of the Grade-II listed North Western Halls from student accommodation into a 202-bed hotel.
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News
CBRE GI raises £250m for affordable housing fund
New fund will partner with affordable housing providers including Step Forward.
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Insight
2019 forecast: Mark Bladon (Investec)
”I’d like to see BTR reach the stage where assets are trading so we get some benchmarking, allowing developers and lenders to get more comfortable with the sector”
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UPP secures £140m financing to expand Exeter campus
Student accommodation developer University Partnerships Programme (UPP) has secured financial close on £139.7m funding to take on the largest extension of the University of Exeter’s Streatham Campus in nearly a decade.
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News
Riverside secures green office loan from Lloyds
Riverside Capital has secured a £25.93m green loan from Lloyds Bank to part fund the purchase of a City office building.
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Insight
Inn Collection Group to double portfolio with OakNorth backing
North East hotel chain The Inn Collection Group has unveiled plans to more than double the size of its UK portfolio having received a £10m loan from alternative lender OakNorth.
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Online
Strawberry Star secures £83.3m development loan for Lu2on resi-led scheme
Developer Strawberry Star has secured a £83.3m senior development finance facility from alternative lender Urban Exposure to fund its residential-led Luton regeneration scheme Lu2on.
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News
SoftBank scales back WeWork investment plans
SoftBank has binned its plans to invest $16bn (£12.5bn) in WeWork choosing instead to commit just $2bn to the flexible office provider.
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Online
LXi REIT sells two Travelodge hotels
LXi REIT has sold two of its older Travelodge hotels, in Haverhill and Ipswich, to an institutional buyer for £12.6m.
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News
Starwood Europe funds central London mixed-use scheme
Starwood European Real Estate Finance has agreed a £41.25m loan to part-fund a prime mixed-use scheme in central London with Starwood Property Trust.
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Online
Urban Exposure agrees senior debt facility
Urban Exposure has agreed a senior term facility with UBS.
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Online
Triple Point secures new credit facility
Triple Point Social Housing REIT has secured a new £70m revolving credit facility with Lloyds Bank.
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Online
Empiric refinances £86m debt
Empiric Student Properties has refinanced £86.1m of debt with a new 10-year facility provided by Scottish Widows.
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Online
Valor completes €104m French industrial refi
Valor Real Estate Partners has completed a €103.8m refinancing of its recently acquired logistics French portfolio with pbb Deutsche Pfandbriefbank.
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Online
Hillview acquires Lawnswood Business Park
Hillview Real Estate has acquired Lawnswood Business Park in Leeds for £26.5m, funded by a senior debt facility provided by ICG-Longbow.
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Online
LBS completes on £32m Defoe Court deal
Developer LBS Properties has completed the acquisition of the 43,000 sq ft Defoe Court office building at 44 Featherstone Street for £32m from Amundi Asset Management.
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Online
Hibernia goes unsecured with €400m refinancing
Hibernia REIT has refinanced its €400m secured revolving credit facility with a €320m unsecured revolving credit facility and €75m of unsecured US private placement notes.
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Online
Tritax Big Box extends debt facility
Tritax Big Box REIT has agreed a one year extension on its £350m unsecured revolving credit facility agreed with a syndicate of lenders earlier this month.
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Online
OakNorth and Publicis chairs among Blend backers in £10m fundraise
Peer-to-peer property lending platform Blend Network has completed a £10m late-seed round of financing, securing backing from notable investors including OakNorth Bank chair Cyrus Ardalan and the family office of Publicis Group chairman Maurice Levy.
