Monthly Archives: January 2014

Nomura closes £237m Camden Lock whole loan and eyes partial mez syndication

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Nomura, the Japanese investment bank, has extended a three-year £237m whole loan to the owners of the iconic Camden Lock market, which is set to trigger a syndication of part of the mezzanine component in the near term. Camden Market … Continue reading

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Helaba extends C&R and Ares €141m three-year senior loan above 70% leverage

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Capital & Regional and Ares Management have refinanced a slimmed German retail warehouse parks and hypermarket portfolio with Helaba Landesbank Hessen-Thüringen which has extended a three-year €141m senior loan. Helaba’s €141m senior loan refinances a larger portfolio which was secured by … Continue reading

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Green REIT and Kennedy Wilson edge out Blackstone to win NAMA’s Central Park for c.€310m

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Green REIT and Kennedy Wilson have edged out Blackstone to win the fiercely-competitive bidding process for NAMA’s Central Park paying just over €310m for the coveted business park south of Dublin city centre, CoStar News can reveal. Green REIT will … Continue reading

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Mount Street completes acquisition of £4.5bn Morgan Stanley Mortgage Servicing

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Mount Street, the independent European commercial real estate loan servicer, has completed its acquisition of Morgan Stanley’s £4.5bn European real estate debt servicing arm. Morgan Stanley Mortgage Servicing (MSMS) was founded in 1998 under current Mount Street CEO, Ravi Joseph, … Continue reading

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Nationwide’s €850m German property loan portfolio out next week

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Nationwide will sign up prospective bidders for its circa €850m German commercial property loan portfolio next week ahead of access to the data room, finally bringing back to market the loan portfolio which the UK building society first tried to … Continue reading

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Lloyds’ €600m Project Aberdonia expected to draw muted competition

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Several high profile loan portfolio buyers are expected to opt out of bidding for Lloyds Banking Group’s latest – and possibly final – Continental loan portfolio, Project Aberdonia, when first round indicative bids come in next Tuesday, CoStar News understands. … Continue reading

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Evans Randall secures €182.5m whole loan refi from Allianz and DRC Capital’s ERED II

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Evans Randall has secured a seven-year €182.5m whole loan to refinance the Königsbau Passagen shopping centre in Stuttgart with a Allianz and European Real Estate Debt (ERED) II, the listed mezzanine fund managed by DRC Capital. Allianz’s €145m senior loan … Continue reading

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Singaporean banks beat three UK clearers to win £200m development finance mandate

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A four-strong consortium including Native Land and Grosvenor have sourced a four-year £200m in development financing from two Singaporean banks to develop a 72-strong luxury apartment complex in West London with an end value estimated at £550m. Oversea-Chinese Banking Corporation … Continue reading

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British GRI conference secures Renshaw Bay founder Bill Winters as keynote speaker

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GRI, the global club of senior real estate investors, developers and lenders, is finalising the discussion chairs for this year’s British event at the end of April, for which Renshaw Bay founder Bill Winters has been confirmed as conference keynote … Continue reading

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