Refinancing

A JV between Valor and QuadReal will use the loan to refurbish seven recently purchased urban logistics assets.

Analysis by manager AEW reveals the composition of the €86bn debt funding gap.

Invesco’s activity comes amid a broader increase in commercial real estate loan originations.

The newly-launched fund, which is already being deployed, is issuing loans of between €25m and €75m.

The mood in the halls was upbeat but the ‘same challenges’ are weighing on recovery.

The manager says alternative debt providers are increasingly competitive against domestic lenders.

The Singaporean firm said several lenders pitched to take part in the UK portfolio financing deal.

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.

China Life Insurance, one of the building’s sponsors, agreed to provide £192m of equity following a statement earlier this month it would not be able to do so.

The senior debt held against the Spanish shopping centre is due to mature in March 2025.