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JLL and Eastdil bring Lehman securitised 90 Long Acre to market for £170m
Jones Lang LaSalle and Eastdil Secured have been appointed to sell 90 Long Acre in Covent Garden for an expected £170m, which will likely prompt the early repayment of the £123m outstanding debt ahead...
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Cerberus wins Wells Fargo’s Project Phoenix German retail portfolio
Cerberus Capital Management has been selected by Wells Fargo as preferred bidder to buy the €70m-valued nine-strong Project Phoenix portfolio of secondary German retail properties, CoStar News has...
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Shortlist emerges for Lloyds’‘difficult’ €850m Project Chamonix NPL
Lloyds Banking Group has shortlisted Cerberus Capital Management, Apollo Global Management, Goldman Sachs Special Situations Fund and Morgan Stanley Real Estate Funds to acquire the €850m Project...
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Wells Fargo relocates Mike Marino to head up UK CRE lending drive
Wells Fargo, the largest commercial real estate lender in the US, has confirmed its UK senior debt expansion plans today, which is to be headed up by Mike Marino who is to relocate to London in early...
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MetLife funds Ivanhoé Cambridge’s £160m loan for Woolgate Exchange today
MetLife, the US insurance company, has today funded a five-year £160m senior loan for the TPG-managed Ivanhoé Cambridge’s acquisition of Woolgate Exchange in the City of London for £265m, CoStar News...
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NAMA readies €1bn projects Aspen and Club NPLs
Ireland’s National Asset Management Agency has pooled two non-performing loan (NPLs) portfolios, projects Aspen and Club, which have a combined outstanding debt of more than €1bn. Project Aspen is an...
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Inside NAMA’s 30-strong €810m Project Aspen Irish NPL
Competition for National Asset Management Agency largest yet non-performing loan (NPL) portfolio, the €810m Project Aspen, is expected to be strong, as private equity funds seek to gain a foothold in...
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Morgan Stanley makes bold return with £190m Adelphi loan for Blackstone
Morgan Stanley is making a bold return to UK real estate lending by financing Blackstone’s £265m acquisition of the Adelphi building in the West End with a five-year £190m senior loan, CoStar News can...
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Blackstone to finance Ashkenazy’s Old Spitalfields Market with £95m loan
Blackstone Real Estate Debt Strategies (BREDS) has won the acquisition financing mandate for Ashkenazy Acquisition Corp’s Old Spitalfields Market in the heart of London’s financial district, agreeing a...
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Korean consortium buys M&S’ global HQ with £124m MetLife loan
A four-strong Korean investor consortium led by the ethically-motivated quasi-banking group, the Korean Federation of Community Credit Cooperatives (KFCC), is buying Marks & Spencer’s global...
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Ulster Bank launches €1.7bn Project Aran non-performing loan portfolio
Ulster Bank, the subsidiary of Royal Bank of Scotland, has launched the sale of its third Irish non-performing real estate loan portfolio, the €1.7bn Project Aran. Project Aran is comprised 411...
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Lone Star wins largest Project Achill tranche – two additional winners and...
Lone Star has won the largest tranche of Ulster Bank’s Project Achill, Pool A, in one of four of the six tranches committed to winning bidders, while the rest of the non-performing loan portfolio...
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Lone Star appoints Eastdil to raise €400m to refinance stabilised Dublin...
Lone Star is refinancing a portfolio of Dublin offices, including Iveagh Court Complex and 75 St Stephen’s Green, and is seeking up to €400m in a five-year term senior or whole loan. Eastdil Secured...
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Karlin Real Estate tests market appetite with £200m Project Carolus
Karlin Real Estate has assembled a granular portfolio of 30 secondary UK commercial properties, predominantly acquired piecemeal in under the last two years, for sale with an asking price of £200m. The...
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Starwood’s mortgage REIT acquires Lone Star’s Dublin office pool in €350m...
Starwood Property Trust (STWD), the $6.8bn US mortgage REIT, has acquired a portfolio of stabilised offices in Dublin from Lone Star for €350m, in the firm’s first equity investment in Ireland and also...
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Morgan Stanley finances Starwood Property Trust’s €350m Dublin office portfolio
Morgan Stanley has been selected to finance Starwood Property Trust’s (STWD) maiden equity investment in Dublin, a four-strong office portfolio acquired from Lone Star, with a five-year senior loan of...
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Data room for NAMA’s €2.4bn Project Jewel to open in three weeks
NAMA’s Project Jewel loan portfolio, including the bad bank’s marquee Irish asset the 1.3m sq ft Dundrum Town Centre, will be launched in just over two weeks with a completed data room scheduled for...
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NAMA weighs up indicative bids for the ‘jewel’ in its crown
NAMA is expected to finalise the shortlist to acquire the loan portfolio which includes the 1.3m sq ft Dundrum Town Centre within the next 48 hours, in one of the bad bank’s most eagerly-awaited sales...
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Blackstone’s BREDS enforces over Invista’s European property trust
Blackstone Real Estate Debt Strategies (BREDS) has enforced over the Invista European Real Estate Trust (IERET) after an unsuccessful portfolio sale or refinancing and the material deterioration in the...
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NAMA receives three binding bids for Dundrum shopping centre last night
NAMA received binding bids last night from the reduced three finalists for €2.4bn Project Jewel loan portfolio, which includes the bad bank’s centerpiece commercial property – the 1.3m sq ft Dundrum...
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