Listed industrial property specialist SEGRO has renegotiated a total of €780 million of unsecured bank facilities with nine existing lenders and new lender Wells Fargo.
A consortium comprising Deutsche Bank, Bank of China and Singapore’s United Overseas Bank has provided development finance to support the £600 million redevelopment of 60 Curzon Street in London’s Mayfair area.
The volume of new lending by Aareal Bank’s structured property finance division during Q1 2016 was just half of the volume originated during the same period last year.
The AAA notes indicatively priced at 120-130 basis points over three-month Euribor.
Horizon Asset Management, a Cayman Islands-registered fund manager which focusses on UK real estate, has launched an offering of bonds secured by residential property. The firm described the method of raising finance as a cost effective alternative to a traditional bank loan.
Canada Life Investments has provided a long-term £53.5 million loan to London-based affordable housing provider Dolphin Living to finance a portfolio of London properties.
Morgan Stanley is providing a £320 million senior loan to Blackstone to refinance its Devonshire Square mixed-use estate in the City of London.
Cheshire-based bridging loans provider Mint Bridging has formed a joint venture with Mark Abrahams, the founder of peer-to-peer lender West One Loans, to originate short-term property finance.
Investec Bank Structured Property Finance has provided a £26 million stretch senior loan to infrastructure group Balfour Beatty to finance the development of a student accommodation scheme in Glasgow.
Colliers International stands accused of negligently overvaluing a London office portfolio back in 2006, writes Daniel Cunningham.