Monthly Archives: July 2011

Edinburgh House completes €450m refi

Edinburgh House Estates’ near €450m of real estate debt has been extended by up to four years after passing its maturity deadline this week, CoStar News can reveal. The arrangement is one of the biggest securitised debt extensions since the … Continue reading

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Chenavari poaches Etesian trio for debt venture

London-based hedge fund Chenavari Investment Managers has poached Andrew Haines, Sam Mellor and Duncan Elley from Etesian Capital Partners to expand their activities in real estate debt investment and advisory. Haines, Mellor and Elley will be responsible for sourcing and … Continue reading

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Deustche Pfandbriefbank to lend up to £2.7bn against UK property by end 2013

Deutsche Pfandbriefbank has said it will lend around €18.5bn to €20.5bn against European real estate over the full three years to the end of 2013. It is expected that DPB will increase its current 9% UK loan book weighting to … Continue reading

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Anglo’s $10bn US loan sell-off is a question of the time value of money

It is a busy summer ahead for Anglo Irish. Or more acutely, investment bank Eastdil, who four weeks ago was appointed as sales agent for the disposal of Anglo’s mammoth $10bn US commercial property loan portfolio. Anglo’s decision, of course, … Continue reading

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Finance Blog enters ‘2.0 era’ as CoStar News Service goes live

CoStar News UK is now live, sign up to read daily breaking real estate news, analysis, features and columns by senior market commentators. Read all about RBS’s £1bn lending spree this year and the nationalised bank’s subsidiary property company, the … Continue reading

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CLS £29.4m unsecured bonds start trading today

CLS Holdings has closed SEK 300m (£29.4m) worth of unsecured, unrated five-year bonds. The bond investors, which can be secondary traded from today following their listing on the NASDAQ OMX Stockholm Stock Exchange, comprise a mix of Swedish insurance companies, … Continue reading

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CPG buys £52.2m Bristol retail park

Stockport-based Consolidated Property Group has bought the Eastgate Retail Park in Bristol from LaSalle Investment Management for £52.2m, a 5.25% yield, CoStar’s Marianne Fitzpatrick writes. The yield secured for the 113,850 sq ft retail park  off Junction 2 of the … Continue reading

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Blackstone’s Project Isobel win paves the way for fresh bank debt negotiations next week

Blackstone won the battle of the private equity giants to land a 25% equity stake in the Royal Bank of Scotland’s Project Isobel debt fund, repricing the overall portfolio at around £980m. Blackstone will re-start negotiations with investment banks next … Continue reading

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