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TH Real Estate is preparing to launch a search for circa €500 million of debt to refinance its €2.2 billion Cityhold Office Partnership, Real Estate Capital has learned.
Cityhold Office Partnership has secured a €231m, 18-month refinancing facility from ING Real Estate Finance for part of its €2.2bn office portfolio. The joint venture, formed in September by US teachers' pension fund TIAA-CREF and Swedish National Pension Fund's AP1 and AP2 funds, targets pan-European offices. It is advised by TH Real Estate, which is owned by TIAA-CREF.

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