Home Residential
Residential
The partnership, which is seeded with an initial £100m, has so far financed a scheme in London’s Docklands.
The specialist lender’s CEO says more equity is needed in the UK residential development market.
The joint venture partners have agreed to a sustainability-linked loan from lenders HSBC and OCBC.
The refinancing of the US manager's Kereby platform saw local lenders replace financing from an international bank.
The financing will fund part of a £250m regeneration scheme.
The lender, which is financing two developments in Milan, sees strong demand for build-to-sell housing in the country.
The scheme was halted when the previous developer, Investar, fell into administration last year.
The Madrid-headquartered investor sourced the debt from a consortium of European lenders.
The Swedish property company, which is reducing its bond debt, says bank financing is available for residential portfolios.
The manager received a £300m facility to acquire 34 sites from a mix of banks and alternatives.