Monthly Archives: January 2013

ICG-Longbow SSUP raises £104.6m in main market debt fund IPO

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ICG-Longbow has raised £104.6m for its Senior Secured UK Property Debt Investments Limited debt fund through a main market IPO listing, with investments spread from a range of institutional investors and via wealth managers. ICG-Longbow Senior Secured UK Property Debt … Continue reading

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Part II: A definitive guide to Europe’s largest CMBS maturities continued …

Europe’s CMBS loan maturity run-off in 2013 is the single largest calendar year for maturities in the history of the capital markets funding tool since inception on this side of the Atlantic. CoStar News continues its rundown of the 10 … Continue reading

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Part I: A definitive guide to Europe’s largest 2013 CMBS loan maturities

This is Europe’s biggest year yet for CMBS loan maturities with the endgame in sight for many of the largest securitisations issued on this side of the Atlantic. CoStar News reviews the 10 biggest and explores the likely outcomes. By … Continue reading

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Hatfield appoints FRP as receivers over Redefine’s £125m GIP portfolio

Hatfield Philips has appointed Geoff Rowley and Philip Watkins at FRP Advisors as fixed charge receivers over Redefine International’s 38-strong government-tenanted UK regional portfolio valued at £125.3m. Two of the 38-strong Government Income Portfolio (GIP) portfolio are in Scotland and … Continue reading

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St Martins buys 5 Canada Square from Evans Randall for close to £385m

Evans Randall has completed the sale of 5 Canada Square in Canary Wharf, E14 to St Martins Property, the real estate fund of the Kuwaiti government, for close to £385m, a yield of 5%, CoStar News understands. The deal represents … Continue reading

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Bruntwood seeks extension for £229m CMBS debt and seeks talks over £165m three-bank revolver

Bruntwood, the North West-focused property company, has submitted a proposal to bondholders to repay £123.05m of securitised debt in exchange for uplifts on the Bruntwood CMBS bond coupons and a two-year extension of the Bruntwood Estates Loan, which matures next … Continue reading

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Laxfield Capital kicks-off GIC-backed £1bn whole loan lending programme

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Laxfield Capital has sourced capital from the Government of Singapore Investment Corporation to kick-start a planned £1bn UK debt investment programme over the next two years to write whole loans up to £185m. Using the initial capital provided by GIC, … Continue reading

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Starwood lines up $300m Citigroup and Credit Suisse bridge loan ahead of LNR close

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Starwood Capital, along with affiliate Starwood Property Trust, will close the $1.05bn acquisition of LNR Property next quarter, in a strategic acquisition which will expand the private equity firm’s European origination and distressed asset sales. While the two-part purchase is … Continue reading

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Bruntwood kicks-off £432m CMBS debt refi with £120m LGIM 10-year loan

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Bruntwood, the family-owned North West-focused property company founded by Michael Oglesby almost 40 years ago, completed a partial refinancing of its outstanding £432.55m securitised debt with a £120m 10-year senior loan from Legal & General Investment Management. LGIM’s fixed rate loan … Continue reading

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