Brookfield Property Partners has put part of its logistics platform IDI Gazeley up for sale, alongside efforts to refinance the business.
Brookfield Property Partners is seeking a major refinancing of its $3.5 billion logistics platform IDI Gazeley ahead of a potential sale.
Morgan Stanley has securitised a portion of the circa £345 million whole loan which it provided to Blackstone last May to refinance the Devonshire Square estate in the City of London.
Pan-European logistics developer P3 Logistic Parks has closed a €1.4 billion refinancing of its portfolio in the largest real estate financing this year, and ahead of a potential sale of the business.
The company has put three seven-year facilities in place, bringing in new lenders, and providing capital to take advantage of future opportunities.
Despite challenging market conditions, a diverse array of organisations continues to provide finance to the European property sector. Real Estate Capital’s roll call of the most active lenders in European property finance today once again demonstrates the weight of capital available in the market.
Vornado Realty Trust has completed a $675 million refinancing on the trust’s iconic 3.6 million sq ft Merchandise Mart (MART) retail and office building near downtown Chicago.
Morgan Stanley and UBS have provided a $200 million refinancing to Wharton Properties on a new commercial property at 529 Broadway in the SoHo neighborhood of Manhattan leased to Nike.
The two banks, which previously financed the 14-storey Defense Plaza in 2011, undertook the latest refinancing on behalf of the building’s owners, Northwood Investors and Beacon Capital Partners.
Morgan Stanley, through its CMBS platform, has provided $35.925 million on the acquisition of three multifamily properties in the Chicago suburbs.
Morgan Stanley is providing a £320 million senior loan to Blackstone to refinance its Devonshire Square mixed-use estate in the City of London.