Unibail launches green bond
Unibail Rodamco has placed a €750m (£617m) bond which it will use to finance environmental schemes. The European retail specialist offered a coupon of 2.5% for the 10-year bond, which was almost three-and-a-half times oversubscribed.
Redefine in £36m share issue
Redefine International plans to raise £36m through a share placing to fund expansion and reduce gearing. This week it also appointed former JLL retail director Adrian Horsburgh to its board as ?a property director.
Santander appoints Whelan
Santander has appointed Andrew Whelan as managing director, regional real estate finance. The bank’s commercial real estate division last year added £1.8bn of facilities for new and existing customers to its book – 15% up on 2012 – a net increase of £760m.
L&G finances homes project
Legal & General has agreed to lend £40m to the Thames Valley Housing Association to support the development of 500 affordable homes. The 25-year loan is secured against housing in Hammersmith and Tooting for workers from Imperial College NHS Trust and St George’s Healthcare NHS Trust.
December returns slump
UK commercial property delivered a total return of 1.1% in January – almost half the 2.1% total return recorded in December. However, values rose for the ninth month in a row with a 0.6% bump recorded in the first month of 2014.
bridget.oconnell@estatesgazette.com
