Recent property lending deals


Real Estate Capital commentary

• Insurer Legal & General has taken a leap of faith by investing in Bruntwood’s regional portfolio, when most institutions have sought prime London property financings. Bruntwood has also arranged a £229m extension of its CMBS to January 2016.

• Singaporean lenders continue to back Asian clients in the UK, with United Overseas Bank teaming up with Santander to provide rare hotel development finance of around 60% for Queensgate Investments’ $450m project near the O2 Arena in south London.

• One of this month’s chunkiest deals was a €275m, five-bank club put together by Rockspring to refinance the biggest of three loans to its German Retail Box Fund. The cost of financing was less than 250 basis points.

02.13 Lending tables p26