Evans Randall brings 5 Canada Square to market for £380m

Evans Randall has brought to market 5 Canada Square in Canary Wharf, E14, for around £380m, two years after a Lloyds Banking Group restructuring effectively reset the original purchase price to circa £365m. The asking price represents a net yield … Continue reading →

The great €18.4bn German open-ended fund liquidation

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A flood of liquidations of German open-ended (GOE) funds over the next four-and-a-half years will see as much as €18.4bn in European real estate come to market in forced sales, as the end of the country’s open-ended fund market nears. … Continue reading →

NAMA sells 17% stake to former Barclays’ directors at Walbrook Capital

Walbrook Capital, the UK-based investment firm, has acquired a 17% stake in National Asset Management Agency Investment Ltd (NAMAIL), the investment holding company set up by NAMA to facilitate private sector investment in Ireland’s bad bank. The stake was acquired … Continue reading →

AIB’s Project Pivot sale process revived after near collapse

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Allied Irish Bank’s sale of the UK non-performing loan portfolio Project Pivot has been revived this week after the near collapse of the NPL sale at the start of the week over pricing, CoStar News has learned. Project Pivot has … Continue reading →

Blackstone’s Adelphi prize to trigger £150m financing mandate

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US private equity firm Blackstone has entered into exclusive talks to buy the Adelphi building just off the Strand, WC2, for just north of £260m, triggering an anticipated financing mandate of around £150m. Blackstone’s expected purchase price for the 292,122 … Continue reading →

Specter of Lloyds/Barclays enforcement over UK Coal’s giant property portfolio looms

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UK Coal, Britain’s largest independent coal producer and the owner of £272m worth of commercial and development property, today warned that its entire portfolio could be enforced by Barclays Bank and Lloyds Banking Group next year if shareholders do not … Continue reading →

Lone Star set to win €1.1bn TLG Immobilien over joint Cerberus and Blackstone bid

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Lone Star is on the verge of winning the private equity auction for Germany’s State-owned TLG Immobilien paying between €1.1bn to €1.2bn, beating joint bidders Cerberus Capital Management and Blackstone, CoStar News has learned. Cerberus and Blackstone were understood to be … Continue reading →

Hudson Advisors appoints Philippe Couturier after Ron Coggle leaves

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Ron Coggle, Hudson Advisors’ European president left the commercial real estate loan servicing firm at the start of the month after nine years, succeeded by Philippe Couturier from Goldman Sachs’ affiliate Archon Group. Coggle has since been linked to a … Continue reading →

German multi-family portfolio trades surpasses five-year high

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Germany’s multi-family portfolio trades have surpassed the previous two years combined and the largest in more than five years with €7.78bn traded in the first nine months of the year, according to Savills, in a trend first identified by CoStar … Continue reading →