United States

The multibillion-pound financing is one of the largest-ever UK data center deals.

While the agencies and banks continue to be the most active lenders, debt funds saw volumes rise by 45% year-on-year, Newmark data reports.

The North Carolina-based manager, now The Oak Companies, aims to expand its retail and institutional investment platforms.

The loans were funded through Northwind’s discretionary debt fund platform.

The CMBS refinancing will repay a previous $700m CMBS loan tied to the property.

The California-based manager is targeting $1bn in capital commitments.

The Nuveen affiliate provided a $23.2 million loan for a ground-up development in Lebanon on behalf of BRX Development.

The CMBS market saw $14.93bn of new industrial originations through August, a Trepp report found.

Hines Rialto Credit Partners was launched in 2024 with a ‘debt-first’ approach to the office sector.