All Banks & lending articles – Page 8
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OnlineOaknorth and ASK provide £50m loan for London development site
Oaknorth and ASK Partners have provided a combined facility of over £50m to fund Groveworld’s acquisition of a major mixed-use development site in King’s Cross.
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Online
PMM Group Real Estate refinances Gara Rock Hotel
Angelo Gordon and T B Capital have secured a £7.8m loan from PMM Group Real Estate Finance for the refinancing of The Gara Rock Hotel.
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Online
Morgan Stanley issues £367.5m CMBS on CityPoint tower
Morgan Stanley has launched a securitisation of the £367.5m loan on London’s CityPoint tower.
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Online
Cost of debt on UK prime offices fall
The cost of senior debt on prime offices in the UK has fallen 4.5% over the last quarter to 2.79%.
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Online
Aldermore provides loan for Cardiff student scheme
Aldermore, the specialist bank, has provided a £10.8m property development loan to DG1 Developments for the construction of a large scale student accommodation scheme in central Cardiff.
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Online
JV backed by Candy's CPC secures debt deal for Hackney scheme
A joint venture backed by Christian Candy’s CPC Group has secured a £19m debt financing deal with OakNorth to fund a mixed-use building close to Hackney Wick station.
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Online
Starz Real Estate refinances Brixton Markets
Recently launched debt fund Starz Real Estate has refinanced the loans a JV between Angelo Gordon and Hondo Enterprises used to purchase Brixton Markets.
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Online
Regional REIT agrees £36m refinancing
Regional REIT has agreed a new £36m credit facility with Scottish Widows.
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Online
Argent secures £400m green loan for Kings Cross development
Argent has secured a £400m ‘green loan’ facility from Wells Fargo, HSBC and Helaba to develop two new office buildings at Kings Cross.
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Online
Stifel property analyst Cockburn joins Panmure
Panmure Gordon has recruited experienced real estate analyst Miranda Cockburn as a managing director in its equities business.
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Online
Tritax raises £400m from US private placement
Tritax Big Box REIT has signed up a number of new institutional investors for a private placement in the US of £400m new senior unsecured loan notes.
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Online
Puma Property Finance raises £200m for lending
Puma Property Finance has raised £200m to grow its real estate lending business.
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Online
Allianz Real Estate’s European debt fund passes €1bn
Allianz Real Estate’s pan-European debt fund, launched in July this year, has surpassed €1bn (£890m) in deployed capital in its first five months, completing transactions in the UK, Italy, Ireland, Spain and Sweden on behalf of a range of Allianz insurance firms.
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Online
Octopus backs Isle of Dogs PDR plans with loan
Specialist lender Octopus Property has backed developer London Green and Orlandis Capital with a £12.6m senior loan to fund the acquisition of an office building with permitted development on the Isle of Dogs.
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Online
Civitas secures £100m debt facility with HSBC
Civitas Social Housing has secured a £100m revolving credit facility with HSBC as the company continues to look for new acquisition opportunities.
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Online
Rocket client powers up with £77m loan
Truscott Investments, a client of Rocket Properties, has secured a £77m five-year loan to refinance its hotel and retail development at 1-23 City Road near Old Street in London.
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Professional
Industry needs support from the banks to survive Brexit slump
Shortly after the autumn Budget, a story caught my eye. It’s a cautionary tale for all of us working in the built environment and concerns the holy trinity: Brexit, builders and banks.
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News
OakNorth loans Gold Compass £20m to develop mixed-use scheme
OakNorth has loaned £20.1m to Gold Compass, a subsidiary of Yellow Brick Group, so the developer can build a mixed-use scheme in Whetstone, North West London.
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News
Norges Bank makes €415m Parisian purchase
The real estate arm of Norway’s sovereign wealth fund has confirmed the acquisition of an office property in central Paris for €415.5m from South Korean mutual fund IGIS.
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Online
Urbanest secures £125m for London student scheme
Student digs developer Urbanest has agreed a £125m loan with M G Investments to finance a mixed-use development scheme in the City of London.
