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Industrial & logistics
A JV between Valor and QuadReal will use the loan to refurbish seven recently purchased urban logistics assets.
The company says five-year lending rates saw a ‘material decrease’ as central banks’ easing cycle began during the third quarter.
The manager says alternative debt providers are increasingly competitive against domestic lenders.
The manager has provided the facilities to a partnership between Delancey and Tritax, and PineBridge Benson Elliot.
The loan refinances a portfolio of prime logistics assets located across three countries.
A syndicate of three lenders provided the loan, arranged by JPMorgan.
Labour’s new planning and housebuilding proposals will boost demand for space and increase rental growth in the country’s logistics market, write DTRE’s Robert Taylor and Will Elvidge.
Lender interest in industrial outdoor storage is marked by £29.4m loan provided by Leumi UK.
German lender provided an acquisition and development facility to US property company.
The CFO of the US logistics developer says lenders need help to ensure ESG-focused loans comply with EU regulations.