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The bank will securitise a large portion of three loans sponsored by Blackstone and Partners Group.
The retail property giant has agreed with a consortium of lenders led by Santander a reduction of margin and an extension of maturity for the debt facility.
The 10-year debt facility, with a fixed interest rate, will be used to finance the seed portfolio of a vehicle managed by Corestate on behalf of the German pension fund.
A syndicate of 12 banks has provided the three-year debt facility with an initial margin of 100bps.
Poland’s Bank Pekao has written a €200 million loan to refinance the Galeria Północna retail park in Warsaw.
Aviva Investors has written a £54.16 million (€61.44 million) loan to refinance the acquisition of four retail warehouse parks by UK REIT Ediston Property Investment Company (EPIC).
US investor Kennedy Wilson has completed two refinancing deals with the Bank of Ireland across seven Irish assets.
Investors are more upbeat about the near future for the UK market, according to the results of the latest Colliers International and Real Estate Capital Investor Pricing Survey.
The French real estate investment trust Klépierre has raised €500 million through a bond issue.
The seven-year debt facility is secured against a portfolio owned by Aquila
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