Unite secures £150 million loan from LGIM
UK: Legal & General Investment Management (LGIM) has provided a £150 million senior loan to PBSA operator and developer Unite, secured against 10 assets across the UK.
UK: Legal & General Investment Management (LGIM) has provided a £150 million senior loan to PBSA operator and developer Unite, secured against 10 assets across the UK.
UK: Get Living has secured a £110 million investment facility with Rothesay to refinance its New Maker Yards scheme in Greater Manchester.
UK: Invesco Real Estate has secured a £200 million loan from HSBC UK to support two stabilised BTR assets in London.
UK: DTZ Investors Co-Living Fund (COLIV) has completed a £110 million refinance of its Folk Co-living portfolio with SMBC Bank International Plc.
Netherlands: The Social Hub (TSH), formerly knows as The Student Hotel, has secured a €566 million refinancing facility in a deal led by Germany’s Aareal Bank.
UK: Urban regeneration specialist Vita Group and Greater Manchester Pension Fund have secured a £126 million debt package from NatWest and Santander UK against the Vita Living BTR apartments at Circle Square in Manchester.
UK: LGIM’s dedicated UK and European Real Estate Debt division has completed a £400 million loan for Unite to refinance a public bond for its flagship Unite UK Student Accommodation Fund (USAF), which matured in 2023.
UK: Study Inn Group, an owner, developer and operator of PBSA assets, has refinanced its second portfolio with facilities totalling £161 million.
US: Real estate finance company Greystone has arranged an $80 million refinancing package for a 10-asset senior living portfolio.