Tag Archives: HSBC

Oxford/Temasek JV buys £415m Blue Fin with HSBC financing lined up

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Oxford Properties and Singapore’s Temasek has signed an agreement to buy the 497,021 sq ft Blue Fin Building on London’s South Bank from a subsidiary of Time Inc. for £415m, with senior finance lined from HSBC. The joint venture deal … Continue reading

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Grainger secures £150m facility from HSBC and Santander as S&P’s raises bond rating to investment grade

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Grainger, the UK’s largest listed residential landlord, has refinanced a portfolio of around 1,200 high end residential units, predominantly in central London, with a fresh five-year £150m term loan by its existing relationship banks, HSBC and Santander. The new £150m … Continue reading

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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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QIA finances HSBC Tower with £705m senior loan from three relationship banks

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Qatar Investment Authority (QIA), the sovereign wealth fund with reported assets under management of around $300bn, has financed the acquisition of HSBC’s global headquarters in Canary Wharf with a £705m senior loan from three relationship banks. The five-year £705m senior … 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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Bank of Cyprus pulls Project Ariadne NPL sale to Sankaty Advisors

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Bank of Cyprus has pulled the circa €109m sale of a Romanian real estate non-performing loan portfolio, Project Ariadne, to Sankaty Advisors because the highest offer was too far below the level at which the troubled bank had provisioned. Sankaty … Continue reading

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HSBC refinances Baupost and Helical Bar City fringe scheme with £165m RCF

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HSBC has provided a £165m revolving credit facility (RCF) to joint venture partners that together own Barts Square scheme on the City fringe, hedge fund The Baupost Group and Helical Bar. The new HSBC RCF refinances £35m of existing debt, … Continue reading

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Intu Properties finances Spanish retail bet with €225m HSBC bridge loan

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Intu Properties has acquired a Spanish shopping centre and retail park for a combined price of €451m from Orion Capital Managers, financed by a €225m bridge loan from HSBC. The acquisitions reflect a significant bet on the recovering Spanish retail … Continue reading

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Romanian NPL market thaws with €1bn across portfolios from Bank of Cyprus and Erste Group up for sale

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Two non-performing corporate loan portfolios, secured by Romanian commercial real estate, have been launched with a combined face value of just under €1bn from Bank of Cyprus (BoC) and Erste Group. The first non-performing loan (NPL) portfolio is dubbed Project … Continue reading

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