Tag Archives: Legal & General Investment Management

LGIM takes £210m CLV bond to finance ‘OPAL’ portfolio buy for Arlington consortium

This gallery contains 1 photo.

Legal & General Investment Management (LGIM) has financed the  £244.9m joint venture acquisition of a former Opal UK student accommodation portfolio with a two-tranche £210m 50-year dated listed bond, CoStar News understands. Arlington Investors, which includes Sir Frederick Barclay as … Continue reading

More Galleries | Tagged , , , , , | Leave a comment

Tesco lines up JV sale-and-leaseback partner after pricing £493.4m CMBS

This gallery contains 1 photo.

Tesco has financed the sale-and-leaseback of seven UK Tesco supermarkets including three regional development sites valued at £455m, with a 21-year dated £493.4m securitisation guaranteed at corporate level by the world’s third largest supermarket chain. The credit-linked securitisation, at LTV … Continue reading

More Galleries | Tagged , , , , , , , , | Leave a comment

Bruntwood seeks extension for £229m CMBS debt and seeks talks over £165m three-bank revolver

Bruntwood, the North West-focused property company, has submitted a proposal to bondholders to repay £123.05m of securitised debt in exchange for uplifts on the Bruntwood CMBS bond coupons and a two-year extension of the Bruntwood Estates Loan, which matures next … Continue reading

More Galleries | Tagged , , | Leave a comment

Bruntwood kicks-off £432m CMBS debt refi with £120m LGIM 10-year loan

This gallery contains 1 photo.

Bruntwood, the family-owned North West-focused property company founded by Michael Oglesby almost 40 years ago, completed a partial refinancing of its outstanding £432.55m securitised debt with a £120m 10-year senior loan from Legal & General Investment Management. LGIM’s fixed rate loan … Continue reading

More Galleries | Tagged , | Leave a comment