The UK saw the largest single asset loan for later living and lenders queued up to participate in a £700 mln data centre financing.
ING and Bank of America underwrote and syndicated the £700 mln (€843 mln) loan for Ark Data Centres. The sustainability-linked facility covers three more campuses under construction and refinances existing data centres in Corsham, Enfield and Farnborough.
The book was heavily oversubscribed, showing the demand for this asset class and for green finance participations.
Interest came from existing lenders, new banks, and institutional investors. NordLB, ABN Amro, Lloyds, Crédit Agricole CIB and HCOB acted as mandated lead arrangers; Sabadell, NIBC and HSBC acted as lead arrangers and Investec as arranger.
In the largest UK single asset loan for senior living, Goldman Sachs-backed Riverstone secured a £219 mln senior loan for its Riverstone Kensington residence development in London with Cheyne Capital. The lender has agreed ‘ESG-related ratchets’ in its loan terms.
Six funds raised equity for strategies including impact and value-add investing.
Assets for sale include a large Madrid shopping centre.
We also track all the latest deals for which we have price information.
Click here to access the data.
