Monthly Archives: August 2014

Bank of England receives submissions on proposed CRE loan database

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Submissions on the Bank of England’s (BoE) discussion paper on UK credit data have been lodged this morning with CREFC Europe, the trade association for global commercial real estate finance markets, supporting a proposed statutory-backed database for UK commercial real … Continue reading

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I-RES wins NAMA’s multi-family ‘Orange’ portfolio for €211.3m

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Irish Residential Properties REIT (I-RES) has won NAMA’s Orange portfolio, the Dublin multi-family portfolio, for €211.3m. The Orange portfolio is comprised of acquire 761 suites in four properties in the developments at Charlestown, Lansdowne Gate, Beacon South Quarter and Bakers … Continue reading

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Hibernia funds €38m bridge loan to unlock Cumberland House purchase and refurbishment

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Hibernia REIT has extended the existing owners of Cumberland House, the Christopher Bennett Group, with a €38m six-month bridge loan to enable the sale of vacant office block in Dublin 2 to the Irish real estate investment trust ahead of … Continue reading

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Starwood: Europe is fragmenting between signs of ‘overheating’ and ‘optimistic exuberance’ while ECB asset review is unlocking opportunities elsewhere

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Europe’s real estate markets are in the midst of a dichotomy between pockets of the UK “showing very early signs of overheating” and Spain displaying “patches of optimistic exuberance”, while the European Central Bank’s (ECB) asset quality review is unlocking … Continue reading

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IPUT acquires 13-strong Salix portfolio for €115m from Bank of Ireland Staff Pension Fund

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IPUT, Ireland’s largest unleveraged indirect commercial real estate fund, has won the 13-strong Salix portfolio, comprised of institutional-grade investment properties throughout Dublin for €115m from the Bank of Ireland Staff Pension Fund. The Salix portfolio was sold in an off-market … Continue reading

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Cairn Capital closes €237.5m Pangaea Funding Greek structured bond

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NBG Pangaea, the largest Greek real estate investment company, has priced a five-year €237.5m commercial mortgage-backed floating rate note to finance an unleveraged 77-strong portfolio of predominantly National Bank of Greece (NBG) bank branches throughout the country. Cairn Capital, the … Continue reading

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PBB closes €55m senior loan for TH Real Estate’s European Outlet Mall Fund

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TIAA Henderson Real Estate (TH Real Estate) refinanced its maturing debt secured by against phases one and two of Designer Outlet Parndorf in Austria with a two-tranche €54.7m five-year senior loan with Deutsche Pfandbriefbank (PBB). PBB, which jointly provided the … Continue reading

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MedicX Fund closes competitively priced £50m private placement

MedicX Fund, the listed specialist primary healthcare property investor, has raised five-year £50m fixed rate debt at an all-in fixed interest rate of 3.80% through UK private placement markets, underscoring the market’s enduring tighter fixed credit spreads over traditional bank … Continue reading

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Chalkhill Partners prices £107m secured bond for Avenue Capital affiliates

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Chalkhill Partners, the boutique investment bank, has priced a £107.26m five-year secured floating rate bond financing affiliates of Avenue Capital Group’s on its acquisition of four UK student accommodation blocks. The £107.26m bond, issued through AYR Issuer S.A., has a … Continue reading

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