Lauren Parr
Ireland’s NAMA yesterday announced it will fast track its asset and loan sales programme in response to the Irish government’s desire to speed up repayment of the bad bank’s remaining €15bn of senior debt. By the end of last month, NAMA had redeemed €13bn of the senior bonds used to finance its purchase of the […]
Helaba has financed the first phase of Tristan Capital Partners’ Embankment Greengate office development in Salford, Greater Manchester.
Goldman Sachs’ €198.2m Italian MODA 2014 CMBS closed yesterday at pricing wider than Deutsche Bank’s larger and lower- leveraged €354.9m Italian CMBS...
M&G Investments has provided £238m of whole loan refinancing for Midlands and North of England investor and developer Northern Trust. The five-year facility is secured against Northern Trust’s £360m-plus portfolio of industrial, trade and office parks, comprising over 3,600 individual units, and its circa 1,700 acre land bank. Most of the assets are let to small […]
Debt platform Aeriance Investments has issued £80m of new loans so far this year, all for residential property. The loans were funded through the Luxembourg company’s €500m Opportunistic Real Estate Loan Fund 2, which provides senior and junior short term and development finance loans mainly in London and the south east of the UK, targeting […]
Sareb has asked eight bidders to make binding offers for contracts to manage €50bn of distressed loans and assets. In the first stage of an outsourcing process, Sareb’s board received 46 non-binding offers to manage different combinations of 10 portfolios that comprise its book of assets. KPMG is advising Spain’s bad bank and expects to […]
Chelsfield and the Saudi Olayan Group have sourced debt from a club of four banks for their recent €1.2bn acquisition of one of the most significant portfolios to be sold in Paris for years. ING led the club in a circa €750m financing of the pair’s purchase of the ultra prime Paris property portfolio, sold […]
Credit Suisse and BAWAG are said to be lined up to provide circa €245m of financing for Lone Star’s purchase of a Dutch office portfolio from CBRE Global Investors. Lone Star acquired the good-quality assets from CBRE Global Investors’ €1.56bn CBRE Dutch Office Fund for a purchase price of around €350m. Leverage equates to about […]
ING and Nordea have won the financing mandate for Blackstone’s acquisition of a 200,000 sq m Central European logistics portfolio. The two banks are providing senior debt for the purchase of six distribution parks by Blackstone’s European logistics arm, Logicor from clients of Pramerica Real Estate Investors. The portfolio in Poland and the Czech Republic comprises: four […]
Bank of America Merrill Lynch sold its £211.5m Taurus CMBS UK 2014-1 yesterday to 15 investors, with the class A notes tightening to 140 basis points over three month Libor. Europe’s second new CMBS this year to price and close was oversubscribed twice overall. Initial guidance had been 150 bps for the class As (up to […]