This gallery contains 1 photo.
Almost €10bn has been raised over the last three years across 19 senior, mezzanine and separate account European-focused debt strategies, according to new research by INREV, although the environment for capital raising is proving increasingly difficult. Around half of this total … Continue reading
This gallery contains 1 photo.
UK bank exposure to real estate debt as a proportion of total lending fell to 8.4% in the third quarter of 2012, the lowest level since 2002, according to the latest Bank of England quarterly lending figures. While total lending … Continue reading
This gallery contains 2 photos.
Morgan Stanley is considering a return to European real estate lending as soon as the first quarter of next year with a business plan under discussion internally which could pave the way for an origination model supported by partial syndication … Continue reading
This gallery contains 1 photo.
Spain’s new bad bank, dubbed Asset Management Company (AMC), will transfer around €100bn to €110bn in foreclosed real estate assets and defaulted loans in the first two waves of acquisitions at carrying value of between €50bn to €55bn, reflecting a … Continue reading
This gallery contains 1 photo.
Lloyds Banking Group has selected two consortia and two standalone individual private equity bids to contest the giant €2.2bn two-part Irish Project Pittlane commercial loan portfolio. Kennedy Wilson, Deutsche Bank, Och-Ziff and Varde Partners comprise the first of the two … Continue reading
This gallery contains 1 photo.
Thor Equities, the global urban real estate developer and management firm, has acquired prime retail parade on Boulevard de la Croisette in Cannes from the liquidating KanAm grundinvest Fund, financed by a €50m Helaba senior loan and a €21m mezzanine … Continue reading
This gallery contains 1 photo.
Deutsche Annington is nearing the finish line in securing the approval of bondholders to refinance almost €4.5bn in CMBS debt across the next five years. Yesterday afternoon, Deutsche Annington, through its CMBS securitisation vehicle, confirmed that 44% of bondholders had … Continue reading
This gallery contains 1 photo.
Starwood Capital Group has acquired LNR Property for more than $1bn, in a strategic acquisition which will strengthen the private equity firm’s position to buy distressed real estate debt on both sides of the Atlantic. LNR Property is the largest … Continue reading
Lloyds Banking Group has shortlisted four parties for its third UK non-performing loan (NPL) portfolio – the nominally-valued £778.6m Project Forth, CoStar News understands. The shortlisted parties, who are understood to have been informed last Friday, are Kennedy Wilson and Deutsche … Continue reading
CoStar Finance 