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Refinancing
The Qatar Investment Authority has signed a debt facility with a syndicate of six banks to refinance its global headquarters in the Canary Wharf financial district.
The Spanish REIT, recently bought by Blackstone, has signed a facility maturing in February 2020 with BNP Paribas.
Healthcare REIT MedicX has refinanced £233.7m of existing loans from the insurer, while increasing the facility by £30.8m.
The bank has provided £230m of debt to back US REIT Global Net Lease’s entire UK office portfolio.
The UK-focused firm has refinanced a £129.6m loan and extended a £20.5m revolving credit facility.
The seven-year debt facility, provided by the US lender alongside ABN Amro to Orange Capital Partners, has a LTV ratio of around 58%.
The US-headquartered bank has provided a seven-year facility split between a £50m term loan and a £90m revolving credit facility.
The consultancy’s valuations directors warn that a correction in property values could temper lenders’ risk appetite.
The UK property debt specialist has provided £40m of debt financing from its first commingled fund.
In the final part of REC's series on capital flows, Lauren Parr examines how real estate credit vehicles are being boosted by the rise of private debt.