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The move keeps the country on course to reach a 2% policy rate by 2025 and strengthens expectations of further recovery in real estate transactions.
Record footfall and high occupancy across the estate’s retail and leisure is expected to help its owner tap up secured lenders.
The logistics owner’s CFO and head of investor relations discuss finance market conditions.
The €499m bond, due to mature in October, was restructured with the help of a €100m loan from majority shareholder Apollo.
The subordinate loan was part of the €720m refinancing led by US bank Citi of Finnish flexible office operator Technopolis.
The finance director of the UK company’s investment adviser said diversifying its debt is a ‘natural’ next step.
The special servicer has accepted a bid for the underlying assets, which were hit by the crisis in UK retail.
The firm is delving into the role public and private strategies play in institutional investor portfolios.
The manager says the transaction enables it to free up capital for future deals.
A UK logistics deal, sponsored by Blackstone, has become the market’s first issuance of the year.