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Canary Wharf Group has won support from a second major shareholder but is not, for now, enough to prompt a sale.
Madison International Realty has accepted the duo’s offer of 350p per share made last Thursday for its 2.5% in Songbird Estates, the listed vehicle which owns 69.37% of Canary Wharf Group.
Bayside Capital has secured financing from Nordea for its €107m joint venture purchase of a Finnish retail portfolio.
Bayside, a credit affiliate of HIG Capital, has drawn down the funds after recently completing the acquisition in partnership with Finnish private equity group Trevian Asset Management. The vendor was AXA Real Estate.
Blackstone Real Estate Debt Strategies (BREDS) has provided a $102m construction loan to Miami-based Related Group for the development of the Hyde Resort & Residences in Hollywood Beach.
Standard Life Investments is launching the Commercial Real Estate Debt Fund, its second vehicle to provide senior debt on UK commercial real estate.
Targeting around £250m of capital, the new fund is designed for institutional investors and Standard Life's group pension scheme has committed £100m. The fees are 50bps on net asset value, with no performance fee.
Starwood Waypoint Residential Trust has issued its first securitization collateralized by income-producing single-family homes, bringing the total issuance among the SFR asset class to $7.2bn.
The offering marks the 13th SFR deal since the asset class launched in November of last year.
SunTrust Bank and Principal Global Investors provided $72.3m in financing to High Street Realty Company for the acquisition of the Cobb West Business Park in Austell, Georgia.
SunTrust provided a circa $61m senior mortgage loan, while Principal Global Investors contributed an $11m mezzanine loan.
Northwestern Mutual has provided a $92m loan to A&B Properties for the refinancing of the Pearl Highlands Center in Honolulu, Hawaii.
The 10-year fixed rate loan carries a 4.2% interest rate.
54-story mixed-use tower will feature 453 SLS-branded residential condos and a 124-room hotel.
Ken Jones to focus on Freddie Mac small balance loan business
Loan to support £1bn pipeline