Financing

On 11 January 2024, Vonovia SE („Vonovia“) issued its first bond in pounds sterling. The term of the unsecured bond is 12 years. This gives the company access to new investors. The bond, with a volume of GBP 400 million (around EUR 465 million) and a coupon of 4.5 % EUR after cross currency swap, was oversubscribed 8.3 times....

DRC Savills Investment Management has entered into a joint venture with QCP, the owner of Quadrant Real Estate Advisors (QREA), to establish a US real estate debt investment business. This is the first time DRC SIM has offered a US debt investment proposition.

Select Property has secured a £44.5 million development finance facility from Close Brothers to bring forward its first Affinity Living build-to-rent development in Birmingham.

Pandox AB’s (publ) science-based climate targets were recently validated by the Science Based Targets initiative (SBTi), and has now, coordinated by SEB, sustainability linked two existing bank loans with SEB and Swedbank corresponding to approximately MSEK 2,200.

Bonava has today agreed with its lenders to extend the deadline to provide evidence of the required bondholder support to 13 January 2024, at which time the written procedure is expected to be completed.

BayernLB has provided new financing in the form of a green loan of ca Euro 125 mio. for the high-rise building ensemble „2Amsterdam“ in Amsterdam Zuid for the real estate fund Hausinvest of German Commerz Real.

Panattoni has been awarded financing to develop Panattoni Park Łódź West II – one of the biggest industrial projects in the western part of Łódź. A loan of €25 mln has been granted by mBank.

Investec Real Estate has provided Moorfield with a £15.6 million facility to fund the development of a 293-bed purpose-built student accommodation (“PBSA”) campus in Lincoln.

Korea’s MDM Asset Management and Hana Securities have secured refinancing worth £90 million for Gallagher Shopping Park.

Large-volume new financing concluded for Munich prime office building Kontorhaus in attractive inner-city location in a difficult market environment.

Valor Real Estate Partners has completed a £101 million debt facility with Canada Life Asset Management. The 5-year investment loan, referenced off gilts, represents the first transaction between the two parties.

Selwood Housing is pressing on with plans to build 1,700 affordable and energy-efficient homes by 2034, with support from Lloyds Bank.

Marcus Schulte (54), member of the Management Board of Deutsche Pfandbriefbank AG (pbb), will become Chief Financial Officer as of 1 December 2023. He will take over this function from Andreas Arndt, who previously held the roles of both Chief Executive Officer and Chief Financial Officer. As reported, Andreas Arndt will reti...

pbb Deutsche Pfandbriefbank has provided a €120mn investment loan facility to a Logistics Fund, managed by GLP Capital Partners. The fund will utilise the proceeds for the refinancing of the development of a logistics portfolio in the Czech Republic, Poland and Hungary. pbb acted as arranger and sole lender under the facility.

Silbury Finance has strengthened its senior leadership with the appointments of Matt Taylor as Chief Financial & Operating Officer and Andrew Fairley as Head of Credit, effective immediately.

Aareal Bank announces the successful closing of a € 566 million refinancing facility with The Social Hub (TSH), together with two participating lenders, one of which being Rabobank.

Panattoni is developing a manufacturing plant for the Fortaco Group in Knurów, near Gliwice, and the construction of the factory has been financed by a loan from Alior Bank of over €24 million. The cornerstone laying ceremony for the investment took place on November, 21.

pbb Deutsche Pfandbriefbank has provided a €113mn investment loan facility to CTP, which will be drawn down in phases. CTP will utilise the proceeds for the refinancing of a logistics portfolio in the Czech Republic. pbb acted as arranger and sole lender under the facility.