Travers Smith LLP has advised Ingenious Real Estate Finance (Ingenious) on a GBP25 million senior revolving credit facility, with a GBP10 million accordion.
Deals & Transactions
OakNorth Bank has completed a GBP10.3 million loan to a private property company to refurbish Electric House in Croydon.
Ivanhoé Cambridge and PLP have acquired a new 135 acre logistics project located at South Caldecotte in Milton Keynes, south east England, via their existing logistics investment vehicle, PLP UK Logistics Venture (UKLV).
The Georgetown Company, a developer and owner of commercial, retail and mixed-use properties throught the US, is to create a life science hub at 787 11th Avenue on Manhattan’s Far West Side.
Supermarket Income REIT has acquired a Tesco supermarket in Prestatyn, North Wales from Ediston Property Investment Company for GBP26.5 million (excluding acquisition costs) representing a net initial yield of 5.3 per cent.
Allianz Real Estate, on behalf of several Allianz group companies, has acquired a special purpose vehicle (SPV) owning a newly built, last-mile logistics facility in southern Vienna for EUR72 million.
Newcore Capital Management, a social infrastructure investment manager, has concluded GBP30 million of real estate transactions as part of its ongoing social infrastructure strategy.
Värde Partners, a leading global alternative investment firm, has agreed the forward sale of its One Parc Central office development in Barcelona to DWS for EUR128 million.
TLT has advised Network Homes Limited on the acquisition of a large mixed-use scheme which comprises 100 residential units and over 1700 square metres of commercial space.
Tattersall Lorenz has been appointed by Sonar Real Estate to carry out the property management of the “Roxy Palast” in Berlin.