Tag Archives: Capital & Regional

Morgan Stanley carves up Mall Fund debt and sells £197m as ELoC 30 Zephyrus

This gallery contains 1 photo.

Morgan Stanley has carved up the fixed rate tranche of the £380m senior loan secured by Capital & Regional’s six-strong UK Mall Fund and sold on the tranche as an unrated commercial mortgage-backed bond to a single major investor. The … Continue reading

Gallery | Tagged , , , | Leave a comment

Shareholders ratify C&R share placing to fund £213m Mall Fund stake buy

This gallery contains 1 photo.

Shareholders in Capital & Regional have ratified the purchase of 351.1m new ordinary shares in the specialist retail property company this afternoon raising £165m in gross proceeds to fund the purchase of 62.54% of units in the Mall Fund for … Continue reading

Gallery | Tagged , , , , | Leave a comment

Morgan Stanley to refinance Mall Fund with £375m five year senior loan

This gallery contains 1 photo.

Morgan Stanley has been selected by the board of the £685m Mall Fund to refinance the maturing securitised senior loan with a fresh £375m five-year facility, paving the way for noteholders in the existing CMBS to be repaid at par … Continue reading

Gallery | Tagged , , , | Leave a comment

Four bank club to emerge on Mall Fund’s ‘Project Maple’ £375m refinancing

Rothschild is pouring over a raft of indicative term sheets to refinance the maturing CMBS debt on the Mall Fund, the shopping centre fund majority-owned by Aviva Investors and Capital & Regional.  The board of the Mall Fund, which is … Continue reading

Gallery | Tagged , , , , , , , | Leave a comment

Helaba extends C&R and Ares €141m three-year senior loan above 70% leverage

This gallery contains 1 photo.

Capital & Regional and Ares Management have refinanced a slimmed German retail warehouse parks and hypermarket portfolio with Helaba Landesbank Hessen-Thüringen which has extended a three-year €141m senior loan. Helaba’s €141m senior loan refinances a larger portfolio which was secured by … Continue reading

Gallery | Tagged , | Leave a comment

Capital & Regional agrees Lloyds revolver refi extension

This gallery contains 1 photo.

Capital & Regional has more than halved the size of its revolving credit facility with Lloyds Banking Group to £25m and extended the debt out to July 2016. The legacy £58m facility was due to expire in September 2013, which … Continue reading

Gallery | Tagged , , , | Leave a comment

Capital & Regional and AREA Property miss LTV hurdle on securitised German portfolio

This gallery contains 2 photos.

Capital & Regional and AREA have failed to meet an LTV covenant hurdle set as part of a restructuring agreement to guarantee the second 12-month extension on the €158m debt securing 22 of its circa 45-strong joint venture German retail … Continue reading

Gallery | Tagged , , , , , , | Leave a comment

C&R’s Mall Fund reaches deleverage target 18 months ahead of schedule

This gallery contains 1 photo.

Capital & Regional and Aviva Investors’ managed £1.1bn Mall Fund has sold The Castle Mall Shopping Centre in Norwich to Infrared European Active Real Estate Fund for £77.3m, with the proceeds used to deleverage the fund to within targets set … Continue reading

Gallery | Tagged , , | Leave a comment

Oaktree and C&R finance Kingfisher with £86m RBS and Santander debt

This gallery contains 1 photo.

Oaktree Capital Management, the global investment manager, and Capital & Regional will close their joint venture acquisition of the Kingfisher Shopping Centre in Redditch for £130m from Scottish Widows Investment Partnership today, financed by a five-year £86m senior loan by … Continue reading

Gallery | Tagged , , , , | Leave a comment