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Allied Irish Bank reduced its commercial real estate loan book by €923m to €23.57bn over the first half of this year, with almost three-quarters of this run-down delivered in the Irish bank’s non-core book. Core property investment loans amounted to … Continue reading
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Laxfield Capital, the debt origination and loan management business, has recruited Eurohypo managing director Dan Smith as head of origination, supporting its expansions drive. Smith, most recently headed up Eurohypo’s UK restructuring unit, is the first senior departure from the … Continue reading
Deutsche Bank is bringing the circa €650m to €700m German multi-family CMBS to market next week when the securitisation finally goes ‘red’ next week with cornerstone bond investor JPMorgan back on the ticket, CoStar News understands. Vitus Group, the German … Continue reading
Oaktree Capital Management closed the purchase of the Project Harrogate defaulted UK loan portfolio with Lloyds Banking Group paying around £260m, Costar News understands. Lloyds and Oaktree closed Project Harrogate yesterday. CoStar News understands that JPMorgan’s provided Oaktree with a less than … Continue reading
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Paul Sullivan has been promoted as successor to Stephen Eighteen as head of non-core real estate at the Royal Bank of Scotland, who is leaving the bank before the end of the year, CoStar News can reveal. Sullivan, currently head … Continue reading
First Property Group, the UK and central Europe commercial property fund manager, is deliberating the investment strategy for its first foray into small ticket UK regional senior debt lending, seeking to capitalise on the relative risk-adjusted returns in real estate … Continue reading
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GE Capital Real Estate, a subsidiary of General Electric, has withdrawn from new European direct property investments and is accelerating plans to become a major senior debt lender in the UK and France, driven by an edict from the global … Continue reading
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Deutsche Pfandbriefbank (PBB) has appointed Norbert Müller as head of real estate lending in France, Scandinavia and Spain, completing the reorganisation of the German lender’s origination team following the departure of Harin Thaker after 20 years with the bank. Müller, … Continue reading
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The Carlyle Group and Generation Estates have secured £125m of funding for three London student accommodation developments from Barclays and Lloyds Banking Group for the Pure Student Living joint venture. Pure Student Living, Carlyle and Generation Estates’ London-focused student accommodation brand, will … Continue reading
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