Monthly Archives: October 2011

Colony Capital makes Lloyds’ Project Royal shortlist

Colony Capital, the US private equity manager, has emerged as the third shortlisted bidder for Lloyds Banking Group’s Project Royal portfolio of UK commercial property loans. Lone Star and Cerberus Capital Management make up the three-strong shortlist. Lone Star’s bid … Continue reading

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IMN 2011: prolonged uncertainty to stifle debt markets

With the world’s eyes on Europe’s politicians today after finally reaching an agreement with private investors in Greek sovereign debt to accept a 50% haircut, the consequences for European real estate debt markets are palpable. Since the summer, market visibility … Continue reading

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Deutsche Bank’s Gad Caspy takes over European CRE

Deutsche Bank has appointed Gad Caspy as its new European head of real estate, replacing Cyril Courbage who left the bank at the end of September, CoStar News has learned. Caspy, currently a managing director in Deutsche Bank’s New York-based … Continue reading

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RBS settles two-year losses on Industrious CMBS to bondholders

Royal Bank of Scotland has finally settled the debt to be returned to bondholders in the EPIC Industrious CMBS today, bringing to an end a two-year saga for debt investors. RBS exercised the credit default swap on the synthetic CMBS … Continue reading

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Starwood Capital brings in European real estate debt ‘point man’

Starwood Capital, the global private equity real estate firm, is moving Adam Shah over to London next month from its US headquarters to act as point man for real estate loan debt opportunities. Shah has been with Starwood for six … Continue reading

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London’s Drapers Gardens chases 5% yield sale

Evans Randall, the UK private equity real estate company, has instructed CBRE to soft market the Drapers Garden prime City office to Far Eastern trophy asset hunters at £290m – a 5% yield. The near 300,000 sq ft Drapers Garden was … Continue reading

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IMN: CRE at London’s Landmark Hotel next week

There are only a handful of remaining delegate places left for next week’s premier European private equity real estate conference at London’s Landmark Hotel. IMN, the industry leading conference organiser, is offering CoStar News readers a 10% discount on the full … Continue reading

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LandSecs’ £1.5bn debt refinance talks underway

Land Securities, the UK’s largest property company, has begun talks with banks to refinance its £1.5bn revolving credit facility by the end of the financial year, as part of a strategy to materially pare back it total debt facilities, CoStar … Continue reading

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Stratford City syndication funds today with seven lenders

The debt syndication on Westfield’s £1.45bn Stratford City has funded today with seven lenders making up a 10-strong ticket to finance the £550m senior debt behind Europe’s largest urban shopping centre, in a timely reminder that banks continue to lend … Continue reading

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