Refinancing

Lloyds Bank Commercial Banking has provided a £50 million (€56.7 million) financing through its Green Lending Initiative to a UK science parks joint venture.

UK healthcare REIT Primary Health Properties has signed a £75 million (€84.3 million) refinancing facility with Aviva and a £30 million revolving credit facility with Lloyds Bank.

London-based property company Eskmuir has closed an £80 million (€90.1 million) refinancing deal with Royal Bank of Scotland to fund future property acquisitions across the UK.

Berlin Hyp and Erste Group Bank have financed the Warsaw property portfolio of Austrian developer Immofinanz with a €205 million loan.

Aviva Investors has completed two commercial real estate finance transactions to Lazari Investments totalling £145 million (€163 million).

Immofinanz, the Austrian property developer, has refinanced around €1.6 billion of debt this year, representing 60 percent of the group’s financial liabilities by end of September.

St Modwen Properties, the UK real estate investor and developer, has sourced a £475 million (€538 million) unsecured revolving credit facility from a syndicate of banks.

UK-based property company Regional REIT has signed a £165 million (€188 million) secured loan with Scottish Widows, through its partnership with Lloyds Bank’s Bank of Scotland, and Aviva Investors.

Poland’s Bank Pekao has written a €200 million loan to refinance the Galeria Północna retail park in Warsaw.

US investor Kennedy Wilson has completed two refinancing deals with the Bank of Ireland across seven Irish assets.