Category Archives: Lenders

Tishman Speyer finances The Economist Plaza with £75m Deutsche Pfandbriefbank loan

Tishman Speyer has financed its £132.5m purchase of London headquarters of The Economist Group with a £75m five-year senior loan from Deutsche Pfandbriefbank (PBB). The Economist Plaza, located at 25 St James’s Street, comprises three mixed-use buildings – the Tower … Continue reading

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BAML refinances Certeum for Blackstone’s Logicor in potential CMBS

Logicor, Blackstone’s European logistics platform, has selected BAML to refinance Certeum’s logistics property portfolio with a €575m five-year senior loan which the investment bank will either securitise in a new CMBS transaction or syndicate. Certeum, a logistics and industrial property … Continue reading

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Lloyds Bank closes £9bn new business in 2015 including record syndication levels

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Lloyds Bank closed approximately £9bn worth of UK commercial real estate (CRE) loans in 2015, of which an estimated £2bn to £3bn was syndicated through the bank’s commercial real estate team. The £9bn total is comprised of Lloyds’ separate CRE … Continue reading

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Tim Knowles finances Lea Valley DPO with £73m finance package from Aviva Investors and Pramerica

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Tim Knowles has closed the purchase and financing the 24-strong regional industrial Lea Valley portfolio, which he used to own directly, financed with a mixture of senior and mezzanine financing. Knowles agreed a discounted purchase offer (DPO) for £90m last … Continue reading

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Inside Propertize’s complex €5.5bn Project Swan corporate sale

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Bidders have approximately two weeks to submit first round indicative bids for Propertize, the Dutch State-owned real estate bad bank, for which the floor price for a viable trade looks to be around €3.1bn. The proposed private auction sale of … Continue reading

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RBS refinances Aberdeen’s UK airport warehouse fund with £145m facility

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Royal Bank of Scotland has refinanced the circa £550m Airport Industrial Property Unit Trust (AIPUT), managed by Aberdeen Asset Management, with a new five-year £145m debt facility. The new five year £145m is an extension of an existing facility arrangement … Continue reading

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H.I.G. Capital recruits former Cheyne Capital and NAMA executive Graham Emmett

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H.I.G. Capital, a leading global private equity investment firm with €17bn of equity capital under management, has recruited Graham Emmett as managing director in its real estate team based in the London office. He will lead H.I.G. Capital’s real estate … Continue reading

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Grosvenor secures competitive Liverpool ONE refinancing as shopping centre comes of age

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Grosvenor, the real estate company owned by the Duke of Westminster, has refinanced the 2.4m sq ft Liverpool ONE shopping centre with a seven-year £410m loan from a five-strong club of banks. Grosvenor, the real estate company owned by the … Continue reading

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RBS and Crédit Agricole CIB provide £90m loan for Great Ropemaker Partnership

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Great Portland Estates has arranged a new £90m five year non-recourse loan with Royal Bank of Scotland and Crédit Agricole CIB for The Great Ropemaker Partnership (GRP). CoStar News understands that the margin was 125 basis points over three-month LIBOR, … Continue reading

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