CBRE鈥檚 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 拢230 mln (鈧�261 mln).
CBRE鈥檚 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 has arranged finance for two further transactions in London, including a loan facility for Angel Central, a 150,000 sq ft (13,935 m2) 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.
'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,' said Steve Williamson, head of debt and structured finance at CBRE.
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.
So far in 2017, Williamson's team has raised 鈧�125 mln development finance on behalf of Kennedy Wilson for its Capital Dock development in Dublin, 拢70 mln (鈧�79 mln) for Titanic Quarter in Belfast, 拢29 mln (鈧�33 mln) for Henley student housing and the arrangement of a 拢72.3 mln (鈧�82 mln) loan for Amtrust to purchase Exchequer Court in the City of London. They have been mandated to raise over a billion of debt this year, according to CBRE Capital Advisors.
