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Kennedy Wilson and Fairfax have refinanced The Rock in Bury, once estimated to be worth more than £270m, with a new loan valuing the shopping centre at £88m.

Laurus Corporation has received $48m in loans for the acquisition and repositioning of an office building at 199 South Los Robles in Pasadena, California, Real Estate Capital has learned. Los Angeles-based Mesa West Capital provided a $39m, five-year, floating-rate loan, and Karlin Real Estate, also based in Los Angeles, provided a $9m mezzanine loan.

Children’s Investment Fund Management provided Carpenter & Company with a $500m loan for the development of a Four Seasons that is set to become Boston’s tallest residential tower.

Kennedy Wilson Europe Real Estate has bought loans held against eight Park Inn hotels across the UK for £61.5m reflecting a gross yield of 9.3%.

Allianz Real Estate has financed Merlin Properties’ acquisition of the Marineda shopping centre in La Coruña with a €133.6m loan. The 10-year loan has a fixed rate of 2.66% with no amortisation. It has a loan-to-value of close to 50%.

LaSalle Investment Management’s debt financing team arranged €714m of financings in 2014.

Legal & General’s lending arm has provided a £75m loan to refinance five hotel assets at Gatwick and Stansted airports.

The formal process to privatise Deutsche Pfandbriefbank has begun with its owners appointing investment banks Citigroup and Deutsche Bank.

Lloyds has extended the loan held against the Valad Europe’s University Capital Trust. The bank has provided a £42m facility held against the five-asset vehicle, which reflects a loan-to-value of 43%. The previous £37m loan secured against the portfolio was due to expire at the end of last year and has been extended by two […]