Home Refinancing
Refinancing
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.
Deutsche Hypothekenbank has written a €81 million debt facility to finance the Galeria Baltycka shopping centre in Gdansk, Poland.
Morgan Stanley has refinanced the debt secured against London & Regional’s Atlas hotel portfolio through a five-year, floating-rate loan.
US investor Kennedy Wilson and its equity partner Fairfax have sourced a €45 million debt package to refinance the existing development loan on the second phase of the Clancy Quay residential scheme in Dublin.
Japanese bank Nomura has provided a €104 million loan to European real estate fund manager Aerium to refinance the H20 office building located in Luxembourg.
Merlin Properties, the Spanish SOCIMI, has completed an €850 billion unsecured bond issuance with a maturity of seven years and an all-in cost of 2.225 percent.