Tag Archives: Santander

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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Brookfield secures £280m Santander-led development loan for new Amazon HQ

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Brookfield Office Properties has agreed a £280m development loan for Principal Place to finance the construction of the 15-storey office block over 600,000 sq ft on the border of Liverpool Street and Shoreditch. Santander is the agent on the three-bank … 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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London & Associated Properties replaces RBS facility with £45m Santander and ECM package

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London & Associated Properties (LAP), the listed UK shopping centre and central London retail property investor, has refinanced a maturing Royal Bank of Scotland senior loan with a combined £45m facility from two lenders. Santander has extended a £35m senior … Continue reading

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Commerzbank narrows to final four on Project Octopus sale

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Commerzbank has selected four joint venture consortiums to progress through to the second round of the sales process of the Spanish commercial property lending platform, codenamed Project Octopus, from its formerly-named Eurohypo subsidiary. CoStar News understands that the following four consortiums through to … Continue reading

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Capital & Counties secures £665m six-bank RCF leaving £400m in available debt capital

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Capital & Counties Properties has closed a £665m five-year revolving credit facility (RCF) for its £1.2bn-valued Covent Garden commercial property portfolio with six banks, refinancing the listed property company’s three existing facilities and migrating to more flexible unsecured lending. CoStar … Continue reading

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Commerzbank’s €4.4bn Project Octopus draws substantial first round interest

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Lazards is poring over a raft of first round single and joint venture bids for Project Octopus, the codename for Commerzbank’s sale of its legacy €4.4bn Eurohypo Spanish commercial property lending business. CoStar News has learned that five joint venture … Continue reading

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Four lenders complete £450m Radisson Blu Edwardian and May Fair hotel refinancing

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Edwardian Group London, the family-owned Radisson Blu Edwardian and May Fair hotel business run by Jasminder Singh, has refinanced £450m of maturity debt across four ring-fenced bilateral loans across varying durations. MetLife, the US insurance lender, has extended the largest … Continue reading

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Henderson refinances UK designer outlet malls with £265m five-year facility

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Henderson Global Investors (HGI) has refinanced its UK designer outlet malls with a fresh senior and development financing package of £265m across two separate five-year loans from MetLife, Bayerische Landesbank and Santander. MetLife has provided HGI’s UK Outlet Mall Fund … Continue reading

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