Finance news on propcos
C&W refinances $1.4bn of debt
Global real estate giant Cushman &Wakefield (C&W) has secured a $1bn (£793.5m) refinancing loan and closed the offering of $400m of its senior secured notes to strengthen its ability to deliver on its strategic priorities.
Bromford and LGIM co-create sector-first £50m funding partnership
Legal & General Investment Management (LGIM) has agreed a £50m funding deal with social housing group Bromford.
Home REIT moves to take control of leases following approval to ditch homelessness commitment
Social housing provider One CIC has agreed to surrender its leases on 100 properties to Home REIT following this week’s shareholder approval for the group to ditch its commitment to easing homelessness.
Home REIT secures shareholder backing over ditching pledge to house homeless
Home REIT has won support from shareholders to shift its investment focus from providing accommodation for the homeless in an effort to restore its rental income.
NAV dips at abrdn European Logistics Income
Net asset value (NAV) at abrdn European Logistics Income’s portfolio dipped 2.6% in the quarter to the end of June.