French real estate investment trust (REIT) Cegereal has agreed a €525 million refinancing with a club of European banks led by Aareal and Natixis.
Pbb Deutsche Pfandbriefbank has provided a total of €120 million ($133.8 million) in loans on the acquisition of ten properties in Western Germany. The lender provided the loans to affiliates of the Catalyst Capital European Property Fund II that purchased the portfolio from TRIUVA (formerly IVG Institutional Funds) and a large German public sector pension scheme.
Pbb Deutsche Pfandbriefbank has provided a €100 million loan to German investor TAG Immobilien to refinance a residential property portfolio in Germany.
Aareal Bank has provided a €368 million loan to finance a logistics property portfolio in Germany.
European logistics specialist Delin Capital Asset Management has completed a €32 million term loan agreement with ING Bank, secured against a distribution warehouse in Waddinxveen in the Netherlands.
Finnish real estate investment company Sponda has agreed to syndicated credit facilities totalling €600 million from a club of Nordic and German banks.
Merlin Properties, the Spanish SOCIMI, has completed an €850 billion unsecured bond issuance with a maturity of seven years and an all-in cost of 2.225 percent.
pbb Deutsche Pfandbriefbank has provided a €63m senior loan to Cerberus Capital Management to refinance three German retail properties. The funds will also be used to refurbish the three shopping centres located in Bielefeld, Bonn and Konstanz.
Tristan Capital and Avestus Capital Partners have jointly purchased an office park in Poland with a €71m five-year loan from pbb Deutsche Pfandbriefbank.
The new facility will be used to acquire Enterprise Park and adjacent development land in Kraków.