CBRE Global Investors has closed a sustainability-linked revolving credit facility (RCF) with ABN AMRO. The EUR45 million plus EUR15 million accordion facility is for the CBRE European Industrial Fund (EIF) and will be secured against a selection of EIF’s properties at an LTV of c40 per cent.
Deals & Transactions
Macquarie Infrastructure Debt Investment Solutions (MIDIS) is to provide long-term debt facilities totalling GBP92.5 million to UK charitable registered housing provider Tuntum Housing Association (Tuntum).
CBRE Global Investors has acquired Herenstaete, Amsterdam from a joint venture between Angelo Gordon and APF International. The c6,000 sq m building is located on the Herengracht 206-216 and is part of the UNESCO World Heritage Site.
Leading property consultants Commercial Property Partners (CPP) has successfully advised on the sale of a GBP2.2 million modern retail warehouse facility totalling 16,394 sq ft on Pelton Lane in Halifax.
Invesco Real Estate (Invesco), a global real estate investment manager, has sold a prime mixed-use office and retail asset in Frankfurt to LUWIN Real Estate Managers, a partner-operated investment boutique specialising in property investment and asset management services based in Frankfurt.
RSK, an integrated environmental, engineering and technical services business, has acquired construction company Morrison Falklands Ltd (now trading as RSK Falkland Islands) and consulting engineering practice Nicholas O’Dwyer.
TradeRisks Limited, a specialist provider of advice to housing associations, local authorities and other social infrastructure sponsors, has advised, arranged and placed a GBP42.5 million unlisted bond with one UK insurer and one UK pension fund, maturing in 2053, on behalf of Tuntum Housing Association Limited, a 1,400-unit housing association based in Nottinghamshire.
Columbia Pacific Advisors Bridge Lending, a platform within Columbia Pacific Advisors, has provided a USD48.25 million loan for 14-16 Burma Road and 150 Theodore Conrad Drive in Jersey City to INDUSTRY GO, a strategic alliance between Criterion Group and One Stop Properties.
Barberry Group has completed the sale of a 48-acre site in Swindon, Wiltshire, to a joint venture between house builders Vistry Group and Bellway Homes.
Institutional investors expect that so-called ‘green’ lease clauses will be universally implemented in the real estate industry before the end of this decade, according to new research detailed in the Savills Investment Management (Savills IM) Annual Sustainability Report 2019.