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BNP Paribas

The €625m financing of Dublin’s Dundrum mall indicates lenders’ appetite for Irelands trophy assets.
Allianz Real Estate has participated in a £212 million (€235 million) majority stake in the senior debt financing of 55 Baker Street in London.
Joint owners Hammerson and Allianz Real Estate have closed a €625 million refinancing of Ireland’s Dundrum Town Centre shopping mall in a deal which locks in a sub-2 percent margin for seven years.
Intu Properties has sourced a £488 million (€536 million) loan to refinance the Merry Hill shopping centre in Dudley, which is claimed to be the seventh largest mall in the UK.
BNP Paribas Asset Management – recently rebranded from BNP Paribas Investment Partners – has established a division focusing on private credit investments, according to a company announcement. The division is branded as the firm’s private debt and real assets investment group.
TH Real Estate has sourced £210 million of debt from Royal Bank of Scotland and BNP Paribas to finance its UK retail fund, Real Estate Capital has learned.
Listed Italian real estate company Beni Stabili has agreed a €710 million loan with a club of French and Italian banks.
A club of six international banks has agreed to provide around £500 million of development funding for Brookfield Property Partners’ 100 Bishopsgate tower in a major post-Brexit City of London financing.
A club of four banks has provided a total of €216.3 million of finance to the recently-launched listed Italian real estate investor Coima RES, which will in part fund its maiden purchase of the bulk of Vodafone’s Milan office complex.
ING Real Estate Finance and BNP Paribas have teamed up to provide a €160 million loan secured against a shopping gallery in the Italian city of Milan.

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