Real Estate Rumors: Santander, AIA, MEAG

By Andrew McIntyre (August 8, 2022, 4:11 PM EDT) — Santander Bank has loaned $53 million for a mixed-use project in Nashville, Tennessee, Commercial Observer reported on Monday. The loan — written for a joint venture between real estate investment firms Wedgewood Avenue and Atlas Real Estate Partners as well as developer HY Ventures — will be used to build 246 new apartment units plus 15,000 square feet of retail space at 700 Hamilton Ave., according to to the report.

AIA Group is in discussions to buy an under-construction Shanghai office tower, Bloomberg reported on Monday, citing sources with knowledge of the matter. The insurance company is considering purchasing a property close to the North Bund area…

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