The £550m senior debt behind Westfield’s £1.45bn Stratford City shopping centre has been syndicated to seven lenders.
The joint lead arrangers, Eurohypo, HSBC and Crédit Agricole, have concluded a co-ordinated syndication of the senior debt to Aareal Bank in London, AXA REIM SGP on behalf of its clients, Bayern LB, MetLife, Credit Foncier, Deutsche Pfandbrief Bank and Santander.
Eight of the 10 banks and lenders have an even split, with two slightly lower. Final holdings are between £52m to £58m each.
bridget.oconnell@estatesgazette.com
