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Financings like the £60m, five-year revolving credit facility for Supermarket Income REIT should become more regular in the UK grocery retail sector as demand mounts.
While debt providers are right to be highly cautious of the troubled sector, there are compelling financing deals to be found amid the gloom.
Nordics lender Nordea offered competitively priced debt, but was picked to finance the Trinity Quarter development, in part to strengthen the US manager’s lending ties in the region.
Our weekly lending data, insight into covid-19’s impact, and the big reveal of our awards winners attracted the most clicks in the first six months of 2020.
Debt fund lenders may need to lower their return expectations as banks become reluctant to provide funding lines, warns the real estate manager.
The insurance company has provided a 40-year financing to housing association Bromford Housing through a private placement.
A nine-month ‘national timeout’ for the hospitality sector will bolster liquidity, according to the private wealth law firm.
The current crisis is testing the strength of the country’s real estate debt and equity markets. It could also be an accelerant to change.
After its €200m green loan to Irish property company IPUT, Wells Fargo’s head of UK CRE lending says sustainability has become a core concern for sponsors.
The €205m refinancing facility for Northwood Investors was described by DWS’s Oswatitsch as having a ‘defensive nature’.