Jane Roberts
ABN Amro has structured a circa €460 million refinancing for Round Hill Capital’s Dutch residential portfolio in the largest transaction of its kind in the Netherlands. The five-year facility, arranged and distributed by the bank as a private placing, covers 7,000 of Round Hill’s 9,000-strong portfolio of Dutch residential units.
The UK’s seven most important banks and building societies have completed their latest round of stress tests and submitted their results to the Bank of England.
Pan-European logistics developer P3 Logistic Parks has closed a €1.4 billion refinancing of its portfolio in the largest real estate financing this year, and ahead of a potential sale of the business.
The company has put three seven-year facilities in place, bringing in new lenders, and providing capital to take advantage of future opportunities.
Lodha Group has secured development finance for one of its two flagship London residential projects with alternative lender Cain Hoy Enterprises.
Cain Hoy is refinancing a pbb loan witha £78 million bespoke finance package for development of Lincoln Square, the recently renamed New Court, 48 Carey Street, WC2 which is to be redeveloped as 202 apartments.
The latest figures compiled by our Research & Analytics division show there are 116 real estate debt funds in the market, seeking just over $48.9 billion of capital in total.
Barclays has securitised £2.43 billion of granular UK property loans to free up capital, with £1.82 billion rated triple AAA.
Barclays declined to comment on the deal, Griffon Funding, but it is understood the issue is for treasury management purposes and will be substantially held by the bank rather than sold in the market.
Finance for less mainstream assets has gradually tightened in the UK this year, borrowers told the Real Estate Capital Finance Forum, with banks no longer able to meet all their financing needs.
Why, when a market is on the slide, its longer-term outlook shrouded in uncertainty and the risks around it mainly on the downside, would you decide to stick your money in anyway?
Romanian investor Globalworth raised leverage for crown jewels via a Cairn-led bond, reports Jane Roberts
The adviser’s knowledge of global lenders contributed to a speedy solution, finds Jane Roberts