Monthly Archives: September 2013

Starwood Capital imminently to close £270m Heron Tower refinancing

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Heron International group and the Middle Eastern investors which own The Heron Tower in the City of London are expected to imminently close the £270m refinancing of the skyscraper with Starwood Capital, CoStar News has learned.  Starwood’s £270m five-year senior … Continue reading

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NAMA appoints JLL to sell Dublin’s Central Park with €250m guide price

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NAMA has appointed Jones Lang LaSalle to sell Central Park, the suburban office park on the outskirts of Dublin City centre formerly owned by Treasury Holdings, which is expected to fetch around €250m and draw interest from public and private … Continue reading

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Deutsche Bank sells Monnet Finance class Cs to Insight Investments and Cheyne Capital

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Deutsche Bank has sold the €38.6m class Cs in the €406.1m Monnet Finance, the securitisation of 10 property loans secured by a 9,551-strong German multifamily portfolio, to Insight Investments and Cheyne Capital at a coupon of around 4.25%, CoStar News … Continue reading

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Early QE withdrawal would trigger rise in yields and weaker London rental growth

A faster pick-up in the economy which prompted an early withdrawal of the Bank of England’s Quantitative Easing (QE) programme of asset purchases would choke the economic recovery and push up gilt yields which, in turn, would trigger a rise … Continue reading

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Barclays Bank lines up Europa Capital for circa £35m IQ Winnersh mezzanine loan

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Barclays Bank has lined up Europa Capital to take the circa £35m mezzanine tranche of the £175m whole loan financing Oaktree Capital Management and Patrizia purchase of IQ Winnersh, a business park in Reading, CoStar News has learned. Europa Capital’s … Continue reading

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Cerberus beats Deutsche Bank to win Lloyds’ Project Indie for €312m

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Cerberus Capital Management has won the blind auction to buy the outstanding €440m Lloyds Banking Group senior loan secured by the Valad Europe-managed German Aktiv Property Fund Limited Partnership (GAF), paying an all-cash price of €312m. Lloyds announced the winner directly … Continue reading

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Royal Mint Court falls into receivership sparks multiple sales strategies

The outstanding debt secured by the leasehold interest in the former Royal Mint site by Tower Bridge has been placed into receivership on Friday afternoon, which opens up a raft of potential sale possibilities for the historic site. Julian Clarke … Continue reading

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GE Capital agrees £130m loan for Blackstone’s St Enoch shopping centre

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GE Capital Real Estate has exchanged contracts to provide a £130m five-year senior loan to finance Blackstone’s St Enoch shopping centre in Glasgow, securing the mandate ahead of a 10-strong bank-dominated list of lenders and exemplifying the deepening appetite to … Continue reading

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Standard Life Investments secures £250m internal UK senior debt mandate

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Standard Life Investments has secured an internal £250m segregated mandate from its insurance company parent, Standard Life Assurance, to kick-start its UK senior debt lending programme. The global asset manager’s strategy will, at the outset focus, on good quality senior … Continue reading

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