Monthly Archives: August 2013

Deutsche Wohnen lodges €1.75bn all-share takeover bid for GSW

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Deutsche Wohnen has launched its long-expected all-share takeover bid for rival GSW Immobilien which values GSW’s equity at €1.75bn and would create Germany’s second-largest residential landlord by portfolio value. This morning, GSW shareholders have been offered 51 shares in Deutsche … Continue reading

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Private equity funds to vote imminently on IVG’s debt-for-equity swap

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A huge consortium of private equity funds, hedge funds and debt investors will vote on IVG Immobilien’s €2.1bn debt-for-equity swap proposals within the next 48 hours, with an outcome possibly as early tomorrow morning. Cerberus Capital Management, Varde Partners, Apollo … Continue reading

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Gagfah prepares for next €700m-sized CMBS to tackle 2014 loan maturities

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Gagfah has confirmed its intention launch its third German multi-family CMBS within 12 months refinancing three existing separate CMBS loans in one circa five-year €700m new transaction before next April. The likely new issuance – yet to be determined as … Continue reading

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RBS closes two regional property loans for Ares Real Estate worth £50m

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Royal Bank of Scotland has funded two five-year senior loans secured by regional assets acquired by Ares Real Estate Group, formerly AREA Property Partners, together worth just under £48m. RBS has agreed a £34.03m senior loan secured by AREA Property … Continue reading

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Guest Column: Opportunity amid gathering pace of loan sales

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Given returning liquidity in the certain sectors of the real estate lending markets, some may have predicted that the run of loan sales would be slowing? Henderson Global Investors’ Colin Throssell explains why the opposite is happening Earlier this year, … Continue reading

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GE Capital finances Ares Real Estate’s 10 Fleet Place with five-year £72.5m senior loan

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GE Capital Real Estate is financing Ares Real Estate Group’s £115m acquisition of 10 Fleet Place in the City of London with a five-year circa £72.5m senior loan, CoStar News can reveal. Ares Real Estate Group, a subsidiary of Ares … Continue reading

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PBB reports solid first half progress but return on equity still subdued

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Deutsche Pfandbriefbank (PBB) closed €2.8bn in European real estate loans over the first half of the year, with the government-owned bank on track to surpass last year’s €4.9bn annual property lending haul as the PBB seeks to materially improve its … Continue reading

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Aareal Bank raises global property lending ambition for the year to €8bn

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Aareal Bank has increased its annual global real estate lending forecast for the year to up to €8bn, after closing €4.4bn in the first six months, including €3.3bn in Europe, driven by an expectation of increases transaction environment as liquidity … Continue reading

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PIMCO builds up European practice with Tristan de Souza hire

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PIMCO has hired Tristan de Souza as a portfolio manager in its European real estate practice, as the world’s largest bond investor continues to build its property-focused team on this side of the Atlantic. de Souza, who starts on Monday, … Continue reading

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