Monthly Archives: July 2012

AIB’s Project Pivot and Project Kildare shortlists revealed

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Cerberus Capital Management and a joint bid by Kennedy Wilson and Deutsche Bank are the first two to emerge on a four-strong shortlist for Allied Irish Bank’s£383m Project Pivot sub-performing loan portfolio. Several big name private equity bidders failed to … Continue reading

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Barclays, Lloyds and Blackstone urge Warner Estate property sell-off

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Warner Estate is in the midst of a firesale of its remaining 39-strong £162.1m wholly-owned UK secondary property portfolio to repay the outstanding £229.4m debt with Barclays, Lloyds Banking Group and a Project Isobel loan managed by Blackstone which matures … Continue reading

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Barclays extends rare £52m development loan for pre-let Aberdeen office complex

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Barclays has extended a £52m construction loan to Drum Property Group to build the first phase of fully pre-let grade A business park for the oil and energy sector in Aberdeen, in the largest property deal in Scotland this year. … Continue reading

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HSBC’s UK real estate loan book picks up after strong first half

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HSBC’s net European commercial real estate loan book has risen by US$464m over the first six months of this year to $32.56bn, taking the global bank’s entire European property lending exposure to $40bn after “other property-releated loans” to the region. … Continue reading

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Tishman Speyer closes €472m Lumière private placement led by BNPP

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Tishman Speyer, the global real estate developer and investor, has refinanced the 1.45m sq ft Lumière Building with a €472m bond private placement arranged by BNP Paribas, in both a first-of-its-kind private placement in France as well as the country’s … Continue reading

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Tristan Capital finances Prologis portfolio buy with €83m from PBB and DekaBank

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Tristan Capital Partners, the pan-European private equity real estate firm, has financed the €138m 12-strong German logistic warehouse portfolio with a €83m senior loan from Deutsche Pfandbriefbank (PBB) and DekaBank. PBB and DekaBank each funded their €41.5m share of the … Continue reading

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CeGeREAL refinances with €400m from Aareal, Bayern LB, PBB and Landesbank

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CeGeREAL, the French REIT that specialises in prime Paris offices, has refinanced the maturing securitised debt with €400m split unevenly between Aareal Bank, Bayern LB, Deutsche Pfandbriefbank (PBB) and Landesbank Berlin. BNP Paribas Real Estate revealued the three offices at … Continue reading

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L&S close £61.7m five-year senior loan with DekaBank and Postbank

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London & Stamford Property has financed two recent prime office acquisitions, Marlow International and Unilever House, with a five-year £61.7m senior debt facility from DekaBank and Deutsche Postbank. DekaBank and Postbank are understood to have priced the equally split five-year … Continue reading

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Barclays’ UK property loan and legacy CMBS portfolio shrinks by combined £2.6bn

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Barclays Bank’s net UK property loan book has shrunk by £1.3bn to £14.9bn over the first six months of the year, driven by the natural run-off of legacy loans and which masks the level of new lending completed over the … Continue reading

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