Retail

Hammerson and PIMCO refinance Irish shopping centre for €350m

The loan, for Dundrum Town Centre, replaces an existing €570m facility due to mature in September.

Supermarket REIT seeks to diversify debt capital sources

The finance director of the UK company’s investment adviser said diversifying its debt is a ‘natural’ next step.

Rating agency downgrades notes in Blackstone’s Finnish CMBS

Morningstar DBRS believes the outstanding loan balance is higher than the value of the assets, as rental income declines and vacancy increases.

UK shopping centres CMBS loan in line for 50% loss

The special servicer has accepted a bid for the underlying assets, which were hit by the crisis in UK retail.

Borrower view: Slate on why banks have backed its strategy with €425m of debt

The company’s managing director says its latest purchase is part of a growing portfolio of ‘essential real estate’ – for which lenders also have appetite.

Palais Quartier: A route into Imperial history

With a €445m refinancing, Frankfurt’s Palais Quartier – home to MyZeil shopping centre – highlights investor confidence in its prime location and strong occupancy.

Blackstone wins Italian CMBS loan extension, contributes equity in return

The US manager has been granted a three-year extension to execute its business plan for four retail assets.

CBRE IM secures £1.1bn Battersea Power Station refinancing

The financing replaces construction debt put into place in 2019.

Building behind the loan: No 1 Poultry – The City’s colourful, postmodern gem

Sitting at one of the City of London’s busiest junctions, the multi-use building’s lender put its loan up for sale in January.