Bridget O’Connell
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Activum closes fund III on €380m
FINANCE: European real estate fund manager Activum SG Capital Management has closed its third fund at €380m (£314m).
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Banks lend BL £758m
FINANCE: Fourteen banks have signed a deal to provide British Land with a new £785m revolving unsecured credit facility over the next five years
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DevSec in €47m debt restructure
Development Securities has restructured its €47m floating rate loan notes and associated hedging and cash collateralisation arrangements.
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Cerberus to fly Nama’s Project Eagle
FINANCE: Cerberus Capital Management has been selected as the successful bidder to buy Nama’s £4.5bn Project Eagle Northern Irish loan book
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CapCo welcomes Earls Court approval
Capital & Counties Properties said it welcomes the decision this week to approve detailed design proposals for its 16-acre Earls Court Village.
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Investec fuels Trade City spec build
FINANCE: Investec Structured Property Finance has agreed to provide £25m of stretched senior debt to a new joint venture with Kier Property…
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High street outperforming malls
FINANCE: The high street is outperforming retail parks and shopping centres according to a new report from Deloitte
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Wainbridge takes two at 120 Holborn
UK property company Wainbridge has agreed new leases with two tenants at BT’s former Midtown office, 120 Holborn, which it asset-manages on behalf of the owner.
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Workspace sells Bow flats to Peabody
Workspace Group has sold the second phase of its mixed use development at Bow Enterprise Park E3 to Peabody Enterprises
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SEB to unload spezialfonds business
FINANCE: Swedish bank SEB is looking for buyers for its circa €8.5bn (£7bn) German-based spezialfond business.
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Lloyds’ lending team snares fox in Yorkshire
FINANCE: Lloyds Bank Commercial Banking has provided Yorkshire-based Dransfield Properties with a £10m loan to bring forward a mixed-use scheme…
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Risk: a better set of tools
FINANCE: Risk tools such as those used in the property investment market could be adapted for lenders