Candy sweetens Palace deal
Christian Candy’s Omni Capital has completed a £127.5m bridging loan to Palace Revive for the purchase of a property next to Buckingham Palace at 1 Palace Street, SW1. Palace Revive has appointed London developer Northacre as the development manager for the project.
French banks back AEW
Société Générale and BNP Paribas have refinanced AEW Europe’s French core retail vehicle, FONDIS, with a €248m (£207m) loan. The €400m vehicle will use the facility, which has a three-year drawdown period, to refinance existing debt and new investment.
JCRA brings Dwyer home
JC Rathbone Associates has hired Jonathan Dwyer from the Homes & Communities Agency as a director to advise clients in the social housing sector. He joins the risk management and debt advisory firm to advise on the capital markets, credit ratings and investor relations.
NHP sale set to go ahead
The sale of the £527m NHP care homes portfolio which has debt of £1.3bn held against it is set to go ahead after a number of preliminary proposals were received. Deutsche Bank and Ernst & Young are advising.
Tice calls time at CLS
CLS Holdings chief executive Richard Tice is to step down next month after a four-year tenure. He is leaving at his own request to pursue new challenges. Executive vice-chairman Henry Klotz will become acting chief executive on 14 February.
Bridget.O’Connell@estatesgazette.com
