Banks club for SEGRO
SEGRO has arranged bank facilities totalling €780m (£614m) through nine banks. The facilities comprise a €610m syndicated revolving credit facility and two bilateral revolving credit facilities of €100m and €70m each. The banks include Barclays Bank, Bank of China, BNP Paribas, Bank of America Merrill Lynch, HSBC Bank, Lloyds Bank, KBC Bank, the Royal Bank of Scotland, Santander and, for the first time, Wells Fargo.
Blackstone in €547m refi
Italian bank Unicredit and Turkish lender Yapi Kredi have extended €547m (£426m) to Blackstone’s multi-retail platform. The five-year loan will refinance the portfolio of four shopping centres across Turkey’s principal cities.
Trio fuels Mirabelle scheme
Deutsche Bank has teamed up with Bank of China and United Overseas Bank to provide development finance for the £600m Mirabelle, W1, residential project. The trio will finance Brockton Capital’s Mayfair scheme alongside Apollo Global Management which will provide a mezzanine element. The full amount of the loan is estimated at £360m.
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