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An £89m financing won by LaSalle Investment Management last year may come back to market after the £200m London development scheme it was secured on changed hands. City North Finsbury Park is one of four London projects which Telford Homes acquired after its £23m purchase in the last few weeks of the regeneration business of the original developer, United House Developments (UHD).

Pradera has secured a €163m facility from Aareal Bank to refinance assets in its Pradera European Retail fund (PERF). The loan will be allocated across seven shopping centres, six in Spain and one in Italy.

A judge was wrong to hold that the CMBS issuer in the Titan v Colliers case was the correct claimant and also had no basis for finding an asset overvalued, the Court of Appeal in London has heard. Colliers is appealing against a High Court ruling last year that it overvalued an asset in Germany by €32m in the Titan Europe 2006-3 CMBS deal.

Goldman Sachs Mortgage Company has provided a $650m, 10-year loan to the State Teachers Retirement System (STRS) of Ohio to refinance the former IBM building, 590 Madison Avenue. The fixed-rate facility retires a portion of Goldman Sach’s original $350m facility made in 2007.

HSBC and Santander have provided a £150m, five-year facility to developer Grainger to refinance a portfolio of its residential developments. The loan replaces an existing £120m facility from the two banks which was due to mature next year. The margin on the new facility is 170bps, down from 255bps on the previous loan.

ING Bank Real Estate Finance has provided a €75m facility to developer CTP to refinance its Central European business park portfolio. The six-year loan will be allocated across the assets in CTP’s 2.8 million sq m portfolio located across the Czech Republic.

pbb Deutsche Pfandbriefbank has provided a €105m package of loans to AVILA Management & Consulting for the development of a residential scheme in Berlin. The facility will primarily be used to build a 473-unit development in Berlin's Neukölln district, as well as refurbish the existing listed buildings on the site.

Credit Suisse is taking legal action against its own Titan Europe 2006-2 deal in what is believed to be the first action of its type by a Class X noteholder. The €862m 11-tranche Titan Europe 2006-2 deal contained a €50,000 Class X component. The transaction is a securitization of seven loans, originated by Credit Suisse, made on 208 properties located across Germany.

Tritax Big Box REIT has signed a £500m, five-year facility with a syndicate of four lenders, reducing its cost of debt by 35bps. Barclays, Helaba, Wells Fargo and ING Real Estate Finance have provided the loan, secured on Tritax’s portfolio of logistics assets, at an opening margin of 140bps above three-month LIBOR.

La Banque Postale and pbb Deutsche Pfandbriefbank have provided a €480m, long-term loan to the French government for the leasing and eventual purchase of the Tour Séquoia tower in Paris. The facility, referred to as a finance lease, allows the French government to pay a market rent over the term of the contract and then acquire the building at the end by paying the nominal sum of €1.