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Sonae Sierra recorded a total net profit of €94.8m in the first nine months of 2015
parklake render

The third quarter of 2015 saw a like-for-like increase in tenant sales in the European portfolio, recording a 2.6% growth, with emphasis on the 6% growth in Italy, 3.9% in Spain and 2.8% in ...

€63 million financing secured by Cerberus for German retail portfolio project (DE)
|© ANDREAS ZOBE

pbb Deutsche Pfandbriefbank will provide financing – secured by land charges – in a total amount of €63 mln to affiliates of Cerberus Capital Management L.P.   The funds will be ...

NAMA sells €6.25 bln Project Arrow loan portfolio (IE)
building

NAMA (the Irish National Asset Management Agency) has announced Promontoria Holding 176 B.V., an affiliate of Cerberus Global Investors (“Cerberus”) as the ...

pbb provides financing for Primonial office fund in Nanterre (FR)
la defense

pbb Deutsche Pfandbriefbank has provided €58 mln worth of financing to a fund, for which Primonial REIM is the Asset Manager, towards the acquisition of an office building in France. pbb acted ...

ParkLake joint venture shopping centre completes debt-finance agreement (RO)
parklake

ParkLake, a 50:50 Sonae Sierra and Caelum Development joint venture project, has announced the signing of a debt-finance agreement for the shopping centre. The joint venture concluded an agreement ...

Europeans purchasing power on the rise
shopping centre image

Purchasing power in Europe climbed by around 4% this year. According to a GfK study, a total of approx. €9.13 tln is available to European consumers in 2015 for spending and saving. This ...

Cain Hoy and Sager secure €254 mln development facility for Islington Square (UK)
Isllington square image thumb

Private investment company Cain Hoy and its joint venture partner, developer Sager Group, have secured a €254 mln (£190 mln) loan facility to finance the development of Islington Square, ...

Pradera fund completes €163.4 mln loan refinancing with Aareal bank
generic shopping centre image thumb

Pradera, the specialist retail real estate fund and asset manager has announced the refinancing of their first fund, the Pradera European Retail Fund (‘PERF’), for a total facility of ...

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