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LBBW provides $170m on malls in Southeastern US

Landesbank Baden-Wurttemberg (LBBW) has provided a $170 million mortgage on six shopping malls in Southern Florida and Atlanta, Georgia.

Deutsche Pfandbriefbank completes second financing for TIAA Henderson’s European outlet mall fund

TIAA Henderson Real Estate has refinanced an Austrian shopping centre in its €1.5bn European Outlet Mall Fund and plans to refinance three more of the malls by the end of the year. Deutsche Pfandbriefbank, one of the two previous funders,  issued a new €54.7m loan to refinance the fund’s centre in Parndorf, Austria. The five-year […]

Pension fund makes €450m debt investment in Berlin mall

A German pension fund has made another large investment in debt, providing €450m for the refinancing of Mall of Berlin in the German capital. Bayerische Versorgungskammer (BVK) contributed the senior portion of a larger €600m refinancing of the new shopping centre, which saw Deutsche Hypo take a subordinate tranche of €80m and two credit funds of BNP […]

German bank in £190m Brockton refinance

Brockton Capital has refinanced its UK retail parks portfolio with a new loan of around £190m, Real Estate Capital can reveal. It is understood that Aareal Bank has provided a five year facility that is held against a portfolio of eight parks. The parks are thought to be valued at around £300m, meaning a loan-to-value […]

Wells Fargo $312m loan backs Las Vegas shopping centre

Wells Fargo Bank has provided a $311.8m loan to finance part of the The Howard Hughes Corporation’s Downtown Summerlin project in Las Vegas, Nevada. The three-year loan has an initial maturity date of 15 July, 2017, with two one-year extensions and an initial interest rate of one-month LIBOR plus 2.25%. The loan will be used […]

Forest City closes $350m Morgan Stanley loan for New York mall

Forest City Enterprises has closed on a three-year, $350m bridge loan through Morgan Stanley Bank to refinance the Ridge Hill retail center in Yonkers, New York,  roughly two miles north of Manhattan. The loan refinances an original 2007 construction loan on the 1.3-million-square-foot mixed-use complex, and the firm hopes it will help give new steam to what it has deemed to […]

CBRE seeks €100m debt finance for Carlyle in Europe

Carlyle has mandated CBRE to help it source whole loan financing of around €100m for the recapitalisation of three European retail assets including one in Portugal. The private equity group’s Freeport Outlet Alcochete retail centre near Lisbon was inherited through Carlyle’s acquisition of outlet mall developer Freeport in 2007. It was extended to 42,934 sq m […]

Hines finances €351m German buys with debt from LBBW & ING

Hines has acquired two mixed use assets in German city centres,  financed with separate debt from LBBW and ING, on behalf of an investor client. Kö-Quartier in Düsseldorf and Kronprinzbau in Stuttgart were the first purchases for a new Luxembourg fund set up  by Hines for its investor. The assets will be managed by its […]