Monthly Archives: June 2013

High Court claim lodged against CBRE and Warwick St’s Gemini valuations

CBRE and Warwick Street, formerly known as King Sturge LLP, are facing a High Court of Justice legal claim over the property valuations over the 36-strong Gemini portfolio, formerly owned by Glenn Maud’s Propinvest. The special purpose vehicle (SPV), Gemini … Continue reading

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Hat-trick of Deutsche Bank deals scored with Blackstone, Brockton and Victory

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Deutsche Bank has funded three deals inside the last two weeks, including two UK loans for Blackstone and Brockton Capital as well as the global investment bank’s first loan in Netherlands since the global financial crisis with private equity firm … Continue reading

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CREFC Europe recruits the BPF’s Peter Cosmetatos as CEO

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Commercial Real Estate Finance Council Europe (CREFC Europe) named Peter Cosmetatos as its incoming chief executive officer yesterday, in an effort to bolster the trade association for global commercial real estate finance markets’ European leadership team. Cosmetatos leaves the British … Continue reading

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Battle for Castle Market: KW’s bid fails to secure bondholder approval

Kennedy Wilson and Värde Partners bid to secure bondholder approval to acquire the 16-strong Castle Market portfolio failed this morning, triggering the prospect of either the appointment of Ernst & Young as receivers, the beginning of negotiations with rival bidder … Continue reading

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Maiden Irish REIT seeking €200m to capitalise on nascent recovery

Plans for Ireland’s first-ever real estate investment trust (REIT) have been announced this morning, with proposals to raise €200m to establish primarily Dublin-focused listed company to capitalise on the nascent recovery in the country’s commercial property market. Green REIT will … Continue reading

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Danske Bank to appoint DTZ to sell enforced Irish property portfolio

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Danske Bank is set to appoint DTZ in Ireland to sell up to 15 Irish commercial properties, in the Danish bank’s latest tranche of enforced loans as the lender seeks to run-off its €1.8bn legacy Irish loan book by the … Continue reading

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Nationwide considers returning a €1bn German CRE loan book to market

Nationwide is considering bringing back a circa €1.05bn German property loan portfolio to market for the second time in just over a year, as the UK’s largest building society seeks to reduce its £2bn capital shortfall and exit non-domestic commercial … Continue reading

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CREFC Europe’s July Seminar: experts turn the spotlight on real estate hedging

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Commercial Real Estate Finance Council (CREFC) Europe, the trade association for global commercial real estate finance markets, is turning the spotlight on interest rate hedging within European commercial property financings in its upcoming seminar. Mis-matched interest rate swaps with the … Continue reading

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Morgan Stanley backs Northwood’s CMH bid in CMBS bond buyout offer

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Morgan Stanley yesterday bolstered Northwood Investors’ 11th-hour bid to prize the former Treasury Holdings’ 16-strong Castle Market Dublin office portfolio from Kennedy Wilson and Varde Partners’ grasp by offering to buyout all Opera Finance (CMH) CMBS class A and B notes … Continue reading

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