AEW gets €25m sheds pledge
TIAA Henderson Real Estate’s European Fund of Funds has made a circa €25m (£19.8m) investment into the AEW Europe LOGISTIS Fund. ?The European industrial ?fund now has around €625m ?in equity, and plans to raise ?up to €1.2bn by the end of ?the year.
GE finances Kennedy Wilson
Kennedy Wilson Europe Real Estate has secured £127m of finance from GE Real Estate Loans. The five-year facility has the option to extend through two separate one-year extensions and is secured against its £80m Tiger and £144m Artemis portfolios.
Regs delay Westfield CMBS
Westfield and advising banks Deutsche Bank and Credit Agricole CIB have pulled the £750m Stratford City CMBS. Regulatory uncertainty over a requirement for Westfield to retain a 5% stake in the bonds prompted the temporary move.
Blackstone sells €100m loan
Blackstone Real Estate Debt Strategies has sold a €100m (£79m) senior loan to Bank of America Merrill Lynch. BREDS has retained €122m as a mezzanine loan from the €222m whole loan, which refinanced the Invista European Real Estate Trust in April.
Canada Life gets charitable
Canada Life Investments has provided a £24m, seven-year loan to Mayfair Capital Investment Management’s charities fund. It follows CLI’s first £26m, five-year facility to the Property Income Trust for Charities in August 2013.
