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Ireland’s National Asset Management Agency has pooled two non-performing loan (NPLs) portfolios, projects Aspen and Club, which have a combined outstanding debt of more than €1bn. Project Aspen is an Irish NPL, which thought to have a near €800m outstanding … Continue reading
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Land Securities and Frogmore Real Estate Partners have secured a two-tranche £195m three-bank refinancing with the Royal Bank of Scotland, DekaBank and ING Real Estate Finance, including a competitively-priced development margin for their central London joint venture fund. Oriana Limited … Continue reading
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Clarence Dixon is set to leave Hatfield Philips as soon as next week after more than four years as managing director of the Europe’s largest commercial property loan servicer. Hatfield Philips’ staff in London and Germany were informed of Dixon’s … Continue reading
DTZ has published a markedly bullish forecast for the fortunes of the UK’s secondary property market, predicting a recovery in values within two years, with receding investor risk-aversion acting as a catalyst for secondary yields to stabilise next year and … Continue reading
Aldgate Developments, a privately-controlled Irish developer and investor, has secured an £85.5m two-and-a-half-year development loan from Helios Capital and GWM Group for the speculative construction of Aldgate Tower in the City of London, CoStar News can reveal. This is one … Continue reading
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Goldman Sachs kicks off an 11-day IPO roadshow today of its majority-owned German residential property company, LEG Immobilien, seeking to raise as much as €1.43bn through the sale of a 57.5% stake. The shares in LEG will be publicly offered … Continue reading
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Standard Chartered has closed a five-year £400m senior loan to finance the sale-and-leaseback of a portfolio of 12 Spire Healthcare hospitals, CoStar News can reveal, in a near £750m transaction which also doubles as the largest UK single-bank financing since … Continue reading
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MetLife, the US insurance company, has today funded a five-year £160m senior loan for the TPG-managed Ivanhoé Cambridge’s acquisition of Woolgate Exchange in the City of London for £265m, CoStar News has learned. Ivanhoé Cambridge, the real estate subsidiary of … Continue reading
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Berlin Hyp refinanced €656.6m of Deutsche Annington’s maturing GRAND CMBS in a five-year loan, as part of a wider €786.6m fresh debt package completing 70% of the German residential property company’s €1bn refinancing target for the year. The second tranche … Continue reading
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