Tag Archives: Barclays Bank

Grainger secures £580m HSBC-led five-bank syndicate facility

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Grainger, the listed residential property owner and manager, has refinanced and enlarged its UK clearing bank-led syndicate facility to £580m while capitalising on tightening senior margin spreads. The new facility is approximately 50:50 part revolving credit facility (RCF) and part … Continue reading

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Europe kick-starts CRE syndication league tables in transparency drive, full 2014 figures revealed

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Recorded secured commercial real estate (CRE) syndicated lending in Europe, the Middle East and Africa (EMEA) reached €28.9bn in 2014, in the inaugural attempt to measure market volumes on a consistent basis with broader global bank syndication markets. ING Syndicated … Continue reading

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Cornerstone and Barclays refinance UKCPT with £300m

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UK Commercial Property Trust (UKCPT), the £1.27bn listed closed-ended UK commercial property fund, has increased its overall debt headroom by £50m to £300m in three separate refinancings with Cornerstone Real Estate Advisers Europe and Barclays Bank. Cornerstone, whose capital is … Continue reading

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British Land secured £485m RCF with headline margins back to pre-crisis levels

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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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Consortium of banks finance Wereldhave’s entry into French shopping centres

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Wereldhave, the Dutch listed real estate investment company, has agreed to buy six prime French shopping centres for €850m from Unibail-Rodamco, financed by a €550m share sale and the drawdown of €150m of existing bank facilities. This marks the entry … Continue reading

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Primary Health Properties completes £378m refinancing with four lenders

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Primary Health Properties (PHP) has completed three separate refinancings with three UK clearing banks and one insurance lender together amounting to £378m, capitalising on tightening senior credit spreads and implementing a migration towards unsecured credit to reduce the healthcare REIT’s … Continue reading

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Barclays Bank wins £335m whole loan financing for Oaktree-led MEPC buy

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Barclays Bank has won the £335m whole loan financing mandate for Oaktree Capital Management and Patrizia Immobilien’s joint acquisition of the three-strong MEPC UK business parks portfolio. Oaktree, which is the majority equity investor with at least 90% of the … Continue reading

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Barclays finances Tritax’s WM Morrison supermarket buy £53.8m senior loan

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Tritax Big Box REIT, the specialist UK logistics real estate investment trust, has confirmed the purchase of WM Morrison Supermarkets’ South East Regional Distribution Centre in Sittingbourne for £97.8m, financed by a £53.8m senior loan from Barclays Bank. Tritax’ £97.8m … Continue reading

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KKR leads junior lender consortium to inject £175m to encourage GHG restructuring

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A consortium of General Healthcare Group’s (GHG) junior lenders, led by private equity firm KKR, is lining up a fresh capital injection of around £175m into the outstanding £1.52bn debt stack, as the centrepiece proposal in a precariously balanced restructuring … Continue reading

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