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Deutsche Pfandbriefbank has appointed CBRE to sell out of receivership a portfolio of regional UK assets let to insurance giant Aviva and formerly-owned by celebrity-backed aAIM Group, with an asking price of £84.2m, writes Paul Norman. The Aviva Income portfolio … Continue reading
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Kohlberg Kravis Roberts & Co (KKR) has financed its £112m Tuscany portfolio acquisition with a £80m five-year senior loan from Deutsche Pfandbriefbank (PBB), closing the global private equity firm’s maiden European direct property foray. The 430,000 sq ft Tuscany portfolio … Continue reading
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Citigroup and JPMorgan are the two finalists vying to acquire Deutsche Postbank’s circa €1.9bn predominantly UK commercial real estate loan book, codenamed Project Tower, in the second giant performing property loan book trade of the year, CoStar News understands. The … Continue reading
First round bids for Project Neo were lodged on Friday with a six-strong shortlist emerging for the secondary regional majority government-tenanted office portfolio, the former Wichford Government Income Portfolio (GIP). CoStar News understands that Mountgrange, Oaktree, Telereal Trillium, Kennedy Wilson, Cerberus … Continue reading
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Renshaw Bay, the independent asset manager, and Deutsche Bank have completed the £58.1m refinancing of three student accommodation blocks in the North of England owned by Abanar LLP. Deutsche Bank provided a five-year £45.8m senior loan, priced at around 400 … Continue reading
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Fortress Investment Group closed the purchase of the €1bn Project Vermeer from Morgan Stanley on Friday, CoStar News understands, comprising a 64-strong secondary quality Continental office portfolio which has suffered rising vacancy rates in the last five years. Fordgate Group, … Continue reading
A consortium led by former US Treasury Secretary John Snow, in partnership with Fosun Property Holdings, one of China’s preeminent investment groups, is to buy Lloyds Chambers, the City of London office building owned by the estate of deceased Irish … Continue reading
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NAMA has finally sanctioned the launch of the €250m Project Club non-performing Irish (NPL) commercial property loan portfolio, with prospective bidders expected to be sent non-disclosure agreements to sign next week ahead of the release of the data tape, CoStar … Continue reading
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Access Self Storage, the UK’s third largest self-storage operator, has completed a comprehensive circa £250m refinancing of its 57-strong property portfolio with five lenders. CoStar News understands that there were four separate refinancings, each secured by a separate property company within … Continue reading
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