Silvia Saccardi
The office complex has recently been refinanced for more than €600m by a syndicate of French banks.
The £900m equity backstop committed by shareholder Brookfield is designed to gain bondholders’ approval for raising fresh debt.
The latest financing of the Irish mall highlights the fall in sector values since the height of the market.
A JV between Valor and QuadReal will use the loan to refurbish seven recently purchased urban logistics assets.
Panellists at CREFC Europe’s Autumn Conference said lenders with available capital are keen to close deals.
The Dutch bank has again refinanced the London complex, with former part-owner Delancey joining it in the deal.
The fund, managed by Broadwood Capital, has a remit including care and retirement homes.
The US manager aims to source refinancings and acquisition loans via German adviser FAP Group.
'It all depends on the operator and how the asset is positioned,' says Nuveen’s head of debt capital markets, Europe and APAC.
The alternative asset manager prefers office renovation projects to demolition plans, according to its head of UK real estate investment.