Financing

Sandyford Properties has secured a new £20 million revolving credit facility with Barclays.

Patrizia has entered into a binding agreement for a transaction of over € 140 million in an EV charging rollout programme in Germany through its flagship European Infrastructure Fund series. The deal significantly diversifies Patrizia's infrastructure platform by sector and country, marking the company’s entry into EV chargin...

Springfield Properties has signed a binding agreement for the sale of approximately 9.5 acres of land for £5.2m. The land, which equates to 92 plots, is fully owned by the group, such that the cash inflow to the group will be £5.2m.

The Deutsche Pfandbriefbank AG (pbb) Supervisory Board has appointed Kay Wolf (47) as the new Chief Executive Officer. Subject to the necessary regulatory approvals, he will take on his responsibility as a Member of the Board on 1st February, 2024. Following a short period to familiarise himself with pbb, he will take over as...

Nooka Space appoints Irina Leca as CEO of the company, as well as the raising of a new investment round worth €2 million.

Caerus Debt Investments AG has issued a senior loan of €20 million for a diversified portfolio of 15 properties in the Netherlands for one of their funds it manages for institutional investors.

ASK Partners has provided a 36-month loan facility of £24.6m, secured against a 201-key hotel at Bristol airport managed by Hilton Hotels, under their Hampton by Hilton brand. Ability Group, which owns the long leasehold on the property, was advised by asset finance advisers Arc & Co.  

Schroder European Real Estate Investment Trust has completed a five-year debt refinancing secured against the company’s five-asset Dutch industrial portfolio.

Mount Street Group has been selected as Creditor Representative and Agent of the €1.45 billion financing package, arranged by Goldman Sachs, to fund Futbol Club Barcelona’s Espai Barça development. The appointment is the largest single mandate win this year for Mount Street.

Adler Group S.A. successfully placed €191,000,000 senior secured notes due 31 July 2025. The New Notes will be issued at 100% of their nominal value and accrue an annual PIK-amount of 21%.

AEW Europe announces the appointment of Jonathan Stevens to the newly created role of Head of Private Debt as it seeks to grow its existing private debt platform, entering new sectors including infrastructure, and enable AEW’s existing clients to benefit from opportunities for diversification. 

Aareal Bank launches dedicated team for alternative living financing. Headed by Benjamin Walter, the new team will start on 1 October 2023.

Nuveen Real Estate has expanded its European debt team with the appointment of two new senior hires.

PineBridge Benson Elliot has secured £300 million of new debt facilities to finance its acquisition of 34 sites (totalling c. 2,600 units) as part of its UK single family rental aggregation strategy run, targeting in excess of 5,000 units, through Sigma Capital Group.

The Ardent Companies is to expand its US debt platform into the UK for the first time.

Aukera Real Estate AG has concluded a senior secured financing for a property in the Netherlands. After refinancing a Dutch portfolio of more than 65 properties just a few weeks ago , the Aukera Real Estate Debt Lux. fund, structured as a Luxembourg S.C.A. SICAV RAIF, this time refinanced a development near completion with 53...

Heimstaden Bostad, through its subsidiaries Heimstaden Czech s.r.o and Heimstaden Czech Pilsen s.r.o, has secured a sustainability-linked bank financing of €700 million.

Sascha Klaus will remain Chair of the Board of Management of Berlin Hyp. The Supervisory Board of the real estate financier yesterday approved an early extension of Sascha Klaus’ appointment as Chair of the Board of Management for a further five years until the end of August 2029.