Cheyne funds Mercer City buy
Cheyne Capital has financed Mercer Real Estate’s £63m purchase of CMS Cameron McKenna’s City headquarters.
Mercer bought the corporate vehicle that controls the 190,000 sq ft Mitre House at 160 Aldersgate, EC1. Cheyne financed the deal with a sub-50% LTV facility.
PwC hires Marriott
PwC has hired the former UK managing director of Oxford Properties, Simon Marriott, as a director in its real estate team. Marriott will advise institutional and private investor clients in the UK and Europe. PwC has also recruited former Hammerson surveyor Algernon Kent.
Uberior posts profit fall
HBOS property JV vehicle Uberior Investments saw pretax profit more than halve to £72m after cash from subsidiaries fell in 2012. It took £6m in dividends from subsidiaries – down from £140m in 2011.
Guardian hires Renshaw Bay
Renshaw Bay has won a £350m real estate debt investment mandate from life and pension provider Guardian Financial Services. The independent asset management firm will invest in senior loans with a maturity of between five and 15 years.
Spanish buy for Intu
Intu plans to set up a new REIT to invest in Spain. It is buying the 800,000 sq ft Parque Principado shopping centre for €141.5m (£120m), in Asturias, Spain, with the Canada Pension Plan Investment Board.
