CBRE CAPITAL ADVISORS RAISES OVER £230M FOR CBRE GLOBAL INVESTORS
CBRE’s Debt and Structured Finance team, part of CBRE Capital Advisors, has closed its third transaction in 2017 for a CBRE Global Investors fund bringing the total debt raised for this fund this year to over £230m.
CBRE’s Debt and Structured Finance team completed two deals in London and one in Milan, comprising a loan facility from Natixis for the purchase of Piazza Duomo 25 in Milan. The prime mixed-use asset, which sits adjacent to Milan Cathedral and overlooks Piazza Duomo, is currently let to H&M. Additionally, CBRE have arranged finance for two further transactions in London, including a loan facility for Angel Central, a 150,000 sq ft retail and leisure complex, and for Mutual House, a prime West End office and retail asset. Canada Life Investments acted as the lender on both of the UK transactions.
CBRE Capital Advisors is on a retained mandate with a number of fund managers, including CBRE Global Investors, to advise on pan-European debt strategies. The Debt and Structured Finance team capitalises on its pan-European presence with expertise in major markets across the EMEA region to provide a streamlined debt advisory and transaction service for these retained clients. In addition to the deals in London and Milan, the team has a number of transactions in the pipeline, including in the UK, Spain, Norway and Sweden.
The Debt and Structured Finance team, led by Steve Williamson, has had a successful start to 2017, mandated to raise over a billion of debt for projects across a variety of sectors throughout Europe. Major closings to date include the raising of €125m development finance on behalf of Kennedy Wilson for its Capital Dock development in Dublin, £70m for Titanic Quarter in Belfast, £29m for Henley student housing and the arrangement of a £72.3m loan for Amtrust to purchase Exchequer Court in the City of London.
We are delighted to have secured funding for a number of CBRE Global Investors recent acquisitions and look forward to working in partnership with them going forward.
With a presence in many of the major markets across Europe, including France, Spain, Italy, Sweden, The Netherlands and Germany, as well as our wider real estate expertise, we are able to use our geographical network and sector based specialists to achieve the best outcomes for a number of funds and clients on a pan-European basis. Lending appetite across Europe remains healthy, especially for best in class assets in core locations.