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A new facility agreed by the two parties includes up to a 10bps margin discount should the borrower hit sustainability targets.
Financial intermediaries argue the current crisis has increased the need for their services
An expected increase in acquisitions gives lenders hope that financing mandates will follow
After its €200m green loan to Irish property company IPUT, Wells Fargo’s head of UK CRE lending says sustainability has become a core concern for sponsors.
The €205m refinancing facility for Northwood Investors was described by DWS’s Oswatitsch as having a ‘defensive nature’.
hotel
The long-term refinancing facility for the Connaught and the Berkeley, two of London’s most luxurious hotels, was arranged by US bank Citi.
The Qatar Investment Authority has signed a debt facility with a syndicate of six banks to refinance its global headquarters in the Canary Wharf financial district.
The Spanish REIT, recently bought by Blackstone, has signed a facility maturing in February 2020 with BNP Paribas.
Healthcare REIT MedicX has refinanced £233.7m of existing loans from the insurer, while increasing the facility by £30.8m.
The bank has provided £230m of debt to back US REIT Global Net Lease’s entire UK office portfolio.
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