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A sting in the retail

Amid warnings of ‘enormous complacency’, deepening gloom on the UK’s high streets should encourage lenders to adjust their strategies.

Allianz puts faith in high street retail with €300m Paris loan

The facility, provided to German pension fund BVK, finances what will be Apple’s flagship European store on the Champs-Elysées.

BAML issues price guidance for Italian logistics and retail CMBS

The bank will securitise a large portion of three loans sponsored by Blackstone and Partners Group.

Intu renegotiates €225m Spanish shopping-centre loan

The retail property giant has agreed with a consortium of lenders led by Santander a reduction of margin and an extension of maturity for the debt facility.

LBBW backs BVK’s high-street exposure with €343m loan

The 10-year debt facility, with a fixed interest rate, will be used to finance the seed portfolio of a vehicle managed by Corestate on behalf of the German pension fund.

Hammerson secures £1.5bn RCF to back Intu purchase

A syndicate of 12 banks has provided the three-year debt facility with an initial margin of 100bps.

Bank Pekao provides €200m loan for Polish mall

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

Aviva finances UK retail warehouse parks with £54.16m loan

Aviva Investors has written a £54.16 million (€61.44 million) loan to refinance the acquisition of four retail warehouse parks by UK REIT Ediston Property Investment Company (EPIC).

Kennedy Wilson secures €284m refinancing deals in Dublin

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

UK pricing: New year, new hope

Investors are more upbeat about the near future for the UK market, according to the results of the latest Colliers International and Real Estate Capital Investor Pricing Survey.
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