Monthly Archives: June 2012

Smaller investors bemoan banks’ giant fund favouritism on NPL sales

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Small and medium-sized funds with capital to invest in non and sub performing real estate loan portfolios admit to frustration at a lack of opportunity to buy distressed European property-backed debt, according to a survey published this week by DebtX. … Continue reading

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CREFC Seminar: crucial industry documents debated in two weeks

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CRE Finance Council Europe, the trade association dedicated to promoting the strength and liquidity of commercial real estate finance, is hosting a best practice property finance seminar in two weeks to discuss recent industry publications centring on real estate finance … Continue reading

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Hatfield Philips faces Firedog Moss legal challenge

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Hatfield Philips faces the prospect of legal action over the enforcement of a CMBS loan secured by three South East shopping centres owned by Stockland and Apollo Global Real Estate Management, CoStar News understands. Stockland and Citi Property Investors (CPI), … Continue reading

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Canada Life and Aviva Investors refi Picton fund with £209m

Canada Life and Aviva Investors have extended £209m in two seperate long-term senior debt facilities to Picton Property Income, the 41-strong former ING Real Estate UK commercial property fund.  Picton has closed a £114m 15-year Canada Life a senior loan, … Continue reading

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Eurohypo exit could prompt performing loan book sell-off

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Commerzbank’s decision to permanently cease European property lending through subsidiary Eurohypo, opens the possibility of a potential sale of the bank’s UK performing loan book. While no decision has been taken by Commerzbank as to the nature and speed of … Continue reading

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Commerzbank u-turns on property lending return

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Commerzbank dramatically u-turned on plans to re-start property lending last night and has designated all real estate finance as non-core, accelerating the departure of lending by Eurohypo. Eurohypo is to be rebranded Hypothekenbank Frankfurt AG – likely from 31 August … Continue reading

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Stephen Eighteen set to leave RBS

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Stephen Eighteen, head of non-core real estate at the Royal Bank of Scotland is believed to be negotiating his exit from the bank, bringing to an end a 12-year career with the bank likely over the summer, CoStar News understands. … Continue reading

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Assura clears legacy debt problems to kickstart REIT conversion campiagn

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Assura Group, the listed specialist healthcare property investor, has kicked off its REIT conversion campaign today which is expected to be completed by this autumn, in a strategy designed to open up its listed stock to a wider universe of … Continue reading

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Pearsanta takes Noel Smyth’s Alburn battle to the High Court

Vincent Barrett’s Pearsanta has begun High Court proceedings to legally sanction the appointment of Solutus Advisors as special servicer on the Alburn Real Estate Capital 6 CMBS, which secures Noel Smyth’s £120m UK secondary property portfolio, CoStar News can reveal. … Continue reading

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