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Deals and Transactions

deals and transactions
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ING acts as sole arranger in EUR63m term loan facility in Italy

Tue, 03/03/2015 - 11:30

ING Real Estate Finance has successfully closed and disbursed a secured EUR63 million five-year Term Loan Facility to SMG Real Estate, an Italian limited liability company directly holding the property and fully directly controlled by Santa Margherita Holding LLC, a holding company incorporated in the Qatar Financial Centre.  »

hand shake

BNY Mellon Investment Management and Amherst Holdings launch real estate credit management platform

Fri, 27/02/2015 - 16:00

BNY Mellon Investment Management has partnered with Amherst Holdings to launch Amherst Capital Management (ACaM), a real estate credit investment management platform. »

Spainish flag

CMS advises Allianz Real Estate on financing Marineda shopping centre in Spain

Thu, 26/02/2015 - 16:30

German and French insurance companies from the Allianz Group are providing loans amounting to EUR133.6 million with a term of ten years to finance the Marineda shopping centre in La Coruna, Spain.  »

Canada flag

RioCan REIT launches strategic venture with Hudson's Bay Company

Thu, 26/02/2015 - 14:00

RioCan Real Estate Investment Trust has agreed to form a joint venture with Hudson's Bay Company ("HBC") focused on real estate growth opportunities in Canada.  »

man with megaphone

Landesbank Baden-Württemberg becomes new clearing member of EurexOTC Clear

Thu, 26/02/2015 - 11:30

Landesbank Baden-Württemberg (LBBW) has become a further clearing member of EurexOTC Clear for Interest Rate Swaps.  »

Thumbs up

Primary Health Properties agrees GBP15.8 million of acquisitions

Thu, 26/02/2015 - 10:52

Primary Health Properties (PHP) is to fund the development of and acquire two new modern, purpose built medical centres to be constructed near Cardiff, South Wales and Colwyn Bay, North Wales and to acquire a let standing investment in Wiltshire.   »

house

Pluto Finance provides residential development finance for development in Tufnell Park

Thu, 26/02/2015 - 09:00

Pluto Finance has agreed to lend GBP5.18m to assist with the development of a site in North London. The development will provide 6 much needed family houses and an apartment.  »

document signing

Hispanic and Barceló create resort hotel REIT

Thu, 26/02/2015 - 06:00

Hispania Activos Inmobiliarios has signed an agreement with Grupo Barceló to create the first hotel REIT focused on the holiday resort segment industry in which Spain is one of the leaders worldwide. »

man with megaphone

BMI selects Linedata Front Office platform for Luxembourg based asset management businesses

Wed, 25/02/2015 - 11:30

BIL Manage Invest (BMI) has selected Linedata Front Office Platform to manage the firm’s complete front-to-back asset management workflow across their full suite of investment funds. »

Bristol

BlackRock UK Long Lease Fund passes GBP300m mark with purchase of RAC Control Centre

Mon, 23/02/2015 - 06:00

The BlackRock UK Long Lease Fund has purchased an RAC Control Centre in Bradley Stoke, Bristol (UK) for GBP24.2 million, bringing the total value of the Fund to more than GBP300 million. »

man with megaphone

L&G and Schroders commit to GBP200m Bracknell regeneration

Fri, 20/02/2015 - 19:30

The Bracknell Regeneration Partnership (“BRP”), a 50:50 Joint Venture between Legal & General Capital (LGC) and Schroder UK Property Fund (SPF), together with Bracknell Forest Council, announce that they have gone unconditional on the major development of the Northern Retail Quarter. This news paves the way for construction to commence in Spring 2015.  »

document signing

GFI Board Supports BGC's USD6.10 per share tender offer

Fri, 20/02/2015 - 16:00

BGC Partners and GFI Group have entered into a tender offer support agreement in which GFI's board of directors unanimously agreed to support BGC's tender offer for all of the outstanding shares of GFI common stock at USD6.10 per share in cash. »

document and pen

LGP and DB Symmetry to begin 182,566 sq ft warehouse development

Fri, 20/02/2015 - 12:30

Legal & General Property (LGP), together with its joint venture partner, DB Symmetry, has secured detailed planning consent for the development of up to 182,556 sq ft of warehousing space at M6EPIC, its 34 acre industrial site in South Lancashire Industrial Estate. »

document signing

INTERNOS signs Honeywell at Dutch office asset

Thu, 19/02/2015 - 19:00

INTERNOS Global Investors Limited has signed a 4,152 sq m lease with Novar Nederland BV a subsidiary of Honeywell BV at Burgemeester Burgerslaan 40 in the town of Rosmalen, the Netherlands.  »

hands shaking

L&G completes second hotel loan

Wed, 18/02/2015 - 21:00

Legal & General (L&G) has completed its second hotel lending transaction, with a GBP75 million, 20 year loan to a private client, secured against five hotel assets at Gatwick and Stansted airports. »

Netherlands

Venn Partners establishes new mortgage origination platform in the Netherlands

Tue, 17/02/2015 - 06:00

Venn Partners is to establish a new residential mortgage origination platform in the Netherlands and plans to boost its Dutch mortgage lending to EUR1 billion by the end of 2015. »

nurse with old woman

Care Investment Trust forms JV with Royal Senior Care Management

Mon, 16/02/2015 - 10:00

Care Investment Trust has formed a joint venture to own and operate five senior housing communities with affiliates of Royal Senior Care Management.  »

thumb up

NorthWest Healthcare Properties REIT completes series of acquisitions

Fri, 13/02/2015 - 19:00

NorthWest Healthcare Properties Real Estate Investment Trust has completed a series of transactions that improve portfolio quality and position the REIT for growth. »

accounts paper

Target Healthcare REIT announces shares placement

Thu, 12/02/2015 - 06:00

Target Healthcare REIT is planning a placing of up to 25,000,000 ordinary shares of no par value in the company. »

US flag

Guernsey looks to boost financial services ties with the USA

Wed, 11/02/2015 - 10:45

Guernsey’s Chief Minister, Jonathan Le Tocq, has held a series of meetings in Washington to boost the Island’s reputation as a leading international finance centre. »

man with megaphone

CORESTATE Capital, Inmobiliaria Espacio and OHL Desarrollos form JV

Tue, 10/02/2015 - 06:00

CORESTATE, Inmobiliaria Espacio and its sister company OHL Desarrollos are joining forces to create a new Spanish real estate platform.  »

complete stamp

Pluto Finance provides residential development finance for Galliard’s Riverside House scheme

Mon, 09/02/2015 - 09:00

Pluto Finance has completed a GBP20.4m facility to assist with the redevelopment of an existing office in block in Lewisham, London.  »

French flag

Amundi Real Estate completes EUR1.7 billion of property transactions in 2014

Mon, 09/02/2015 - 06:00

Amundi Real Estate carried out an overall transaction volume of EUR1.7 billion in in property transactions in France and internationally on behalf of the real estate funds and mandates. »

Five fingers

'Alternatives’ to become the “fifth asset class in real estate,” says JLL

Wed, 04/02/2015 - 17:00

Alternative property investment is in line to join mainstream real estate investment making it the new ‘fifth asset class’ in the property sector, according to global commercial real estate firm JLL.  »

pound signs

M&G funds 600 new homes for South Wales

Wed, 04/02/2015 - 15:30

United Welsh, a housing association operating across South Wales, has borrowed GBP50 million from M&G Investments in a long-term financing deal. »

closed sign

Kimco Realty closes USD650m unsecured term loan

Tue, 03/02/2015 - 17:45

Kimco Realty Corporation has closed on a new USD650 million unsecured term loan.  »

document signing

BNY Mellon and DeAWM complete real estate fund administration outsourcing deal

Tue, 03/02/2015 - 09:00

BNY Mellon has signed an agreement with Deutsche Asset & Wealth Management (DeAWM) to provide real estate and infrastructure fund administration services, representing roughly USD46.3 billion in assets under administration. »

hands shaking

SL Green signs Diesel to retail lease at 625 Madison

Fri, 30/01/2015 - 16:00

Fashion retailer Diesel has signed a 10-year lease for a new flagship store at 625 Madison Ave with SL Green Realty. Retail space at the building at the corner of 59th Street is now 100 per cent occupied. »

pound signs

LendInvest lends GBP200m to British businesses

Thu, 29/01/2015 - 13:00

LendInvest has passed a major milestone, having now lent more than GBP200 million to British businesses and property entrepreneurs. »

closed sign

NXT Capital closes USD800m leveraged loan fund

Thu, 29/01/2015 - 12:00

NXT Capital has held the closing of the NXT Capital Senior Loan Fund III, a leveraged loan fund that will invest in first and second lien loan transactions originated and underwritten by NXT Capital’s Corporate Finance Group.  »

features
Special report
How to Access Europe using third party AIFMs

Read how managers seeking to distribute in Europe can appoint a third party AIFM (or ManCo), and the fund distribution benefits this can bring, both for new fund launches and redomiciled funds... »

Comment
Richard Hoey, BNY Mellon

Global gross domestic product (GDP) growth should accelerate somewhat in 2015 and 2016 from the pace of the last three years because of much lower oil prices, the avoidance of special drags on the world economy, and continuing easy monetary policies from global central banks, according to  BNY Mellon Chief Economist Richard Hoey. Hoey (pictured) made the comments in his February outlook.  ... »

Article
Christiopher Elvin, Preqin

55% of private equity firms surveyed by Preqin at the end of 2014 stated they would deploy greater levels of capital in 2015, although 39% suggested it is more difficult to find attractive investments. Preqin’s Christopher Elvin comments: ... »

Article
Up arrow

Over half of infrastructure funds that closed in 2014 exceeded their fundraising target, up from 37% of funds in 2013. Andrew Moylan, Preqin’s Head of Real Assets Products, takes a look at infrastructure fundraising over the last 12 months: ... »

Article
Christopher ELvin, Preqin

977 private equity funds held a final close throughout the year raising a total of USD486bn, higher than any annual amount between 2009 and 2012, and on track to match the 2013 total. Preqin’s Christopher Elvin (pictured) reviews a year of private equity fundraising:  ... »

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