Industrial & logistics

The loan refinances a portfolio of four UK logistics assets owned by Brookfield and Copley Point Capital.

The loan facilitates IBA, Batipart and Covéa’s acquisition of a four-asset, mixed office and logistics portfolio spread across Madrid and Barcelona from AXA.

An existing syndicate of eight banks led by NatWest provided the five-year loan.

The refinancing comes as Blackstone makes a final £489m bid to acquire the UK logistics property company.

Meet the firms that took the prizes in the specialist lending categories of this year's awards.

Andrew Coombs says the capital was raised now because of concerns eurozone interest rates could increase.

The German manager also said niche real estate sectors are poised for growth.

A JV between Valor and QuadReal will use the loan to refurbish seven recently purchased urban logistics assets.

The company says five-year lending rates saw a ‘material decrease’ as central banks’ easing cycle began during the third quarter.

The manager says alternative debt providers are increasingly competitive against domestic lenders.