Category Archives: Insurance companies

Aviva selects three finalists to compete for £2.7bn Project Churchill UK loan portfolio

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Aviva has narrowed the search for a buyer for its final clean up trade of legacy UK commercial property loans in the £2.7bn Project Churchill portfolio, secured by just over 1,000 UK commercial properties, to three US private equity firms. … Continue reading

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Annual De Montfort Report Analysis: new lending hits six-year high at £45bn

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New commercial property lending in the UK reached a six-year high topping £45bn for the 2014 calendar year, with insurance companies and debt funds accounting for a quarter of all new loans and almost one-fifth of the asset classes entire … Continue reading

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Aviva prepares £2.5bn final clean up trade of legacy UK commercial mortgages

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Aviva is to launch its final clean up legacy commercial mortgage loans sale next week with the offer of a major £2.5bn UK portfolio sale, in a trade which is expected to achieve an above par sale price. The UK … Continue reading

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Shaftesbury closes first of two Nationwide refinancings with 15 year £150m Aviva loan

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Shaftesbury, the West End-focussed REIT, has refinanced a maturing Nationwide revolving credit facility (RCF) with a £130m 15-year term loan with Aviva Commercial Finance. Aviva’s senior loan is priced at a fixed interest rate of 3.2% throughout the term and … Continue reading

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Allianz Real Estate makes Spanish debut with €133m loan for Merlin’s Marineda City

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Merlin Properties has financed the Marineda City shopping centre, the second largest shopping mall in Spain, with a 10-year €133.6m fixed interest rate senior loan from Allianz Real Estate, marking the insurer’s first Spanish commercial property loan. Allianz, who was … Continue reading

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Lone Star appoints Eastdil to raise €400m to refinance stabilised Dublin office portfolio

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Lone Star is refinancing a portfolio of Dublin offices, including Iveagh Court Complex and 75 St Stephen’s Green, and is seeking up to €400m in a five-year term senior or whole loan. Eastdil Secured has been appointed to refinance several … Continue reading

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De Montfort Survey: Alternative lenders coming of age as new lending rises to six-year high

The level of new commercial property lending in the UK accelerated to £19.6bn over the first half of the year, the highest six-month new origination volumes since 2008, with insurers and debt funds accounting for almost a quarter of all … Continue reading

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The Great £2.7bn end of year UK portfolio sell-off frenzy

Around £2.7bn of UK commercial property is up for sale across more than a dozen live portfolio deals, with the vast majority of vendors targeting an end of year disposal as they seek to capitalise on the feeding frenzy driven … Continue reading

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L&G lined up to refinance F&C Commercial Property Trust with £260m 10-year loan

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F&C Commercial Property Trust, the £1.1bn FTSE 250-listed investment trust which invests in a diversified spread of prime UK commercial properties, has refinanced with a £260m, 10-year senior loan with Legal & General. The new long-term financing, which needs shareholder … Continue reading

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