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Land Securities has announced a new £1.3bn secured revolving credit facility (RCF) at an initial LIBOR margin of 75 basis points with an initial eight-bank club of international lenders. The initial five year RCF, which Land Securities has an option to … Continue reading
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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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British Land has signed a new £485m five-year unsecured revolving credit facility (RCF) at an initial margin of 90 basis points with a syndicate of seven banks, in the first sub 100 bps headline margin since 2007. CoStar News understands … Continue reading
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Irish Residential Property REIT, the newly-incorporated real estate investment trust controlled by Canada’s largest residential landlord CAPREIT, has completed its maiden gross capital raise of €200m and listed on the Irish Stock Exchange today. CAPREIT, which has been listed on … Continue reading
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Canadian Apartment Properties Real Estate Investment Trust, Canada’s largest residential landlord, leads the second round bidders for Danske Bank’s direct residential and development property portfolio, dubbed Project Circle, among a five-strong shortlist. CoStar News understands that CAPREIT, which announced its … Continue reading
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Green REIT is returning to the capital raising markets to raise a further €385m of net equity capital as Ireland’s first ever real estate investment trust seeks to capitalise on the continuing flood of real estate coming to the market … Continue reading
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Ireland’s second-ever real estate investment trust, Hibernia REIT, has raised €365m in its maiden capital raising from more than a dozen US and European institutional investors. Hibernia REIT, which takes its name from the classical Latin name for the island … Continue reading
Plans to raise as much as €350m for Ireland’s second real estate investment trust, Hibernia REIT, were finally lodged this morning with the investment management team, led by William Nowlan, seeking a larger maiden capital raising haul than Green REIT’s … Continue reading
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Derwent London has signed terms for a two-tranche £100m sterling-denominated private placement bond with New York Life, taking the central London REITs total unsecured new debt secured in the second half of this year to £800m. The unsecured facility is … Continue reading
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