Oxenwood raises £20m
Oxenwood Real Estate, established by former London & Stamford duo Jeremy Bishop and Stewart Little in May 2014, has raised £20m from Forum Partners for equity investments in central London, residential schemes and logistics centres.
The pair (pictured) will add a further £5m to the investment pot.
Kennedy Wilson checks in
Kennedy Wilson Europe has bought a hotel loan portfolio for £61.5m, reflecting a gross yield of 9.3%.
It secured a 38.4% discount to the £99.9m face value of the loan.
The debt is secured against a package of Park Inns, comprising 1,107 bedrooms, all let to Rezidor Hotel Group until 2030.
L&G beds down in hotels
Legal & General has completed its second hotel loan, a £75m, 20-year facility secured against five airport hotels at an LTV of 78%.
The buildings are let on long leases to established hotel groups.
Valad agrees £42m UCT refi
Valad Europe has completed a £42m refinancing of the University Capital Trust with Lloyds Commercial Banking.
The student accommodation fund’s loan facilities will be extended until December 2016.
New path for Helical Bar
Helical Bar continued its shift out of shopping centres and into logistics, retail warehousing and London offices in the first six months of its financial year.
The group traded £142m of shopping centres, including malls in Corby and Clydebank, and bought £133m of new assets.
