Monthly Archives: April 2012

Goldman and Barclays to issue £525m Four Seasons high yield bond

This gallery contains 1 photo.

Terra Firma, Guy Hands’ private equity firm, will finance its £825m acquisition of Four Seasons Health Care with a £525m senior loan jointly underwritten by Goldman Sachs and Barclays which will be exited through a high yield bond issuance. The … Continue reading

More Galleries | Tagged , , , | Leave a comment

NAB’s Clydesdale and Yorkshire banks exit property lending

This gallery contains 1 photo.

National Australia Bank (NAB) confirmed today its intention to exit UK property lending through its UK banking subsidiaries, Clydesdale and Yorkshire banks, and transfer the combined £6.0bn predominantly regional UK property loan book across to the parent balance sheet. The … Continue reading

More Galleries | Tagged , , | Leave a comment

WestImmo set to transfer €24bn loan book to bad bank

This gallery contains 1 photo.

WestImmo, the real estate lending subsidiary of WestLB, has confirmed the expected transfer of its €24bn European property loan book into Erste Abwicklungsanstalt (EAA), WestLB’s bad bank in two months, save for an unlikely 11th hour bid to buy the … Continue reading

More Galleries | Tagged , | Leave a comment

LBS real estate finance conference this Friday – final tickets still available

This gallery contains 3 photos.

London Business School’s annual real estate conference is this Friday, 4 May, at Lord’s Cricket Ground with an agenda which offers delegated a timely analysis of some of the pressing finance issues in European real estate markets. The one-day conference – … Continue reading

More Galleries | Tagged | Leave a comment

Starwood Capital hires Peter Denton in £1bn European lending drive

Starwood Capital, the global private equity real estate firm, has hired BNP Paribas’ Peter Denton to spearhead a £1bn European debt fund, with flexibility to invest across the capital stack. Denton, who joins as a partner and head of European … Continue reading

More Galleries | Tagged | Leave a comment

Big Yellow secures £100m 15-year Aviva loan

Big Yellow Group has agreed a new £100m, 15-year loan with Aviva Commercial Finance Limited secured against a portfolio of its centres in what is thought to be the first mortgage loan to the self-storage sector by an insurer, writes … Continue reading

More Galleries | Tagged | Leave a comment

CityPoint tower options weighed as Beacon defaults

Beacon Capital Partners has defaulted on another interest payment date relating to the £429m loan secured by the CityPoint tower, EC2, increasing the likelihood that the 36-storey building will come to market, writes CoStar News’ James Buckley. Beacon has failed … Continue reading

More Galleries | Leave a comment

Forum flexes its muscles in Australia and Europe

This gallery contains 2 photos.

Forum Partners, the real estate equity and debt investor with more than US$6bn invested in Europe, Asia and Australia, is expanding its global footprint into the Australasian markets with the acquisition of two property fund platforms, new senior hires and … Continue reading

More Galleries | Tagged , , , | Leave a comment

AXA REIM on track to beat €2bn 2012 European property lending target

AXA Real Estate Investment Managers, the global real estate manager, is on track to beat its €2bn year-end target, taking its European real estate loan book to more than €5bn in three years. Such are the scale of opportunities – … Continue reading

More Galleries | Leave a comment