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Lone Star has secured a £133m development finance facility from Lloyds Bank’s commercial real estate team and Wells Fargo for the Two Fifty One scheme near the Ministry of Sound nightclub in Elephant & Castle. The development facility is split … Continue reading
Cerberus Capital Management has refinanced three retail properties in Germany acquired three years ago from Wells Fargo with a €63m senior loan from Deutsche Pfandbriefbank (PBB), the recently re-privatised German bank said in a statement. Cerberus acquired the value-add retail-led … Continue reading
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Benson Elliot has lined up Wells Fargo and LaSalle Investment Management to finance the £132m acquisition of a business park and a shopping centre which formed the bulk of the Bentley portfolio from Legal & General Property. The portfolio comprises … Continue reading
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WELPUT, a specialist fund investing in central London offices, has secured a £200m 50:50 term and revolving credit facility with Wells Fargo. The facility comprises the £100m term loan already drawn together with a revolving credit facility (RCF) of £100m, … Continue reading
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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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Lone Star has completed the acquisition of a portfolio of mixed-use UK secondary properties from Moorfield’s first maturing two private equity funds for just under £1bn, financed with a £593m whole loan from RBC Capital Markets and Wells Fargo. RBC and … Continue reading
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Legal & General Property (LGP) has refinanced the circa £1bn Industrial Property Investment Fund (IPIF) with a two-tranche £275m six-year term loan with Royal Bank of Scotland, Wells Fargo and L&G’s lending arm, LGIM Commercial Lending. In addition, IPIF has … Continue reading
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Wells Fargo has refinanced and increased its commitment to Threadneedle Investments’ Strategic Property Fund IV extending a £220m two-year senior loan which matures in line with the closed-ended funds expiry. CoStar News understands that the senior loan, aligned to the … Continue reading
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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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