Monthly Archives: November 2011

BAWAG eyes €800m property lending in 2012

BAWAG, the Austrian bank, has a soft target to lend around €800m next year principally against Germany, French and UK property, with the deposit-based bank seeking to take capitalise on retrenched lending as the eurozone crisis lingers on. BAWAG’s appetite … Continue reading

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Intesa Sanpaolo lines up shortlist for giant loan portfolio

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Intesa Sanpaolo, Italy’s largest bank, is close to selling a multi-billion euro non-performing loan portfolio with four buyers in the final shortlist, CoStar News has learned. Deutsche Bank, Goldman Sachs Whitehall Funds, Morgan Stanley Real Estate Investing and Fortress Investing … Continue reading

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Bids in tomorrow for SocGen’s €500m NPL portfolio

Société Générale will receive first round bids tomorrow on its €500m circa 25-strong loan portfolio as overall European commercial property loan sales close in on €4.4bn in a busy year of non-performing loan deleveraging. SocGen’s non-performing loan portfolio is expected … Continue reading

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Perella Weinberg set to close €1.25bn European fund next March

Perella Weinberg, the independent investment bank founded by Joseph Perella and Peter Weinberg, is raising €1.25bn for its second European real estate fund with the Government Investment Corporation of Singapore (GIC) a cornerstone investor, CoStar News has learned. Perella is … Continue reading

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Barclays Capital enforces on RREEF and Prelios’ €1.4bn BauBeCon portfolio

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Barclays Capital has exercised a call option written into an €1.36bn loan securing a RREEF and Prelios joint venture, the BauBeCon portfolio of 26,000 German residential properties. Barclays, which negotiated for the call option to be inserted into the balance … Continue reading

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GVA enlisted to revalue Propinvest’s Gemini portfolio

GVA has been appointed to conduct a new valuation on Propinvest’s securitised Gemini portfolio of secondary UK properties, which is expected to a deliver a sub £500m valuation of the 34 properties. The projected sub £500m valuation – indicated to noteholders by … Continue reading

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Project Royal finalists line up finance ahead of deadline

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Lone Star and Cerberus Capital Management look to be the frontrunners to win Lloyds Banking Group’s Project Royal loan portfolio, ahead of next Monday’s deadline for committed financing terms to be submitted with second round bids. The three finalists in … Continue reading

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Eurohypo stands by its commitments

Eurohypo, the German real estate bank, has confirmed it will honour all pre-existing UK lending commitments which had passed credit approval prior to Commerzbank’s decision to suspend new business. Commerzbank, which owns Eurohypo, announced the temporary suspension of new business … Continue reading

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Blackrock’s Shea and Milner leave as Hillenbrand Partners’ Karnes hired

Richard Shea and Chris Milner, the president and managing director of Blackrock-affiliate Anthracite Capital, the US listed real estate debt company which filed for bankruptcy 18 months ago, are leaving the company on 1 December. Shea, who has been president … Continue reading

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