Osborne Clarke advised Retail Assets Investments on its refinancing arranged by ABN AMRO Bank.
RAI is jointly owned by AT Capital and Cairn Real Estate and owns convenience retail / supermarket properties across the Netherlands.
As part of the refinancing a capex and acquisition facility is introduced which enables RAI to acquire, reposition and redevelop some of its properties which contribute to an enhancement of the overall value of the portfolio. Advice also included the partial unwinding of existing hedging arrangements and implementing new interest rate hedging going forward.
The Osborne Clarke team was led by Axel van der Staak (Picture – Banking & Finance) and further consisted of Peter van der Horst (Banking & Finance) and Cars-Jan van Gool (Civil-law notary).
Law Firms: Osborne Clarke;
Clients: Retail Assets Investments;