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 […]
3 min read · 17 July 2014
Helaba has financed the first phase of Tristan Capital Partners’ Embankment Greengate office development in Salford, Greater Manchester.
2 min read · 16 July 2014
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…
1 min read · 16 July 2014
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 […]
2 min read · 16 July 2014
Houston, Texas-based Crimson Advisors has secured a $105.6m loan from Landesbank Hessen Thuringen (Helaba) for the construction of a residential development at 546 West 44th Street in Manhattan’s Hell’s Kitchen neighborhood. A joint venture of Crimson Real Estate Fund, DHA Capital and USAA Real Estate Company purchased the block-through site and former parking garage — between 10th and 11th […]
2 min read · 15 July 2014
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 […]
2 min read · 11 July 2014
New York-based luxury developer Blackhouse is shopping for a $300m construction loan on the Shanghai Club Tower, a planned 60-storey hotel and luxury condominium in the burgeoning Hudson Yards district on Manhattan’s west side. Sean Ludwick, managing partner of the firm, said the loan would allow Blackhouse to refinance a $60.8m loan from UBS Real […]
2 min read · 11 July 2014
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 […]
2 min read · 11 July 2014
Deutsche Bank has sold off a $940m financing package it provided for a national portfolio of nursing homes operated under the SavaSeniorCare name and controlled by real estate mogul Rubin Schron. The single floating-rate mortgage loan – with an initial two-year term and three one-year extension options – is secured by a portfolio of 167 […]
2 min read · 10 July 2014
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 […]
2 min read · 10 July 2014
