Monthly Archives: September 2014

Deutsche Bank and Credit Agricole relaunch Westfield Stratford £750m CMBS-like deal

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Deutsche Bank and Credit Agricole CIB have relaunched the £750m Westfield Stratford City commercial mortgage-backed floating rate note transaction this morning, eight weeks after the deal was pulled over CRD retention rule concerns and a lack of demand during the … Continue reading

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High Court rules Colliers provided “negligent” property valuation in Titan Europe CMBS

The High Court of Justice in London has issued a judgement against Colliers International over a negligent €32m over valuation of a German commercial property eight years ago which was collateral in a European securitisation, Titan Europe 2006-3 plc. Colliers … Continue reading

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Deutsche Bank prices €250m DECO Tulip at 119 bps blended note margin

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Deutsche Bank priced the €250.04m DECO 2014-Tulip CMBS last night achieving a blended note margin of 119 basis points across the five tranche investment grade securitisation. DECO 2014-Tulip is the first multi-loan and sponsor securitisation comprised of Netherlands real estate … Continue reading

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Lone Star wins largest Project Achill tranche – two additional winners and two loans still in the balance

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Lone Star has won the largest tranche of Ulster Bank’s Project Achill, Pool A, in one of four of the six tranches committed to winning bidders, while the rest of the non-performing loan portfolio remains in the balance. The final … Continue reading

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Deutsche Bank on course for profitable DECO 2014 Tulip close

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Deutsche Bank is expected to close the €250.04m DECO 2014-Tulip CMBS by the tomorrow morning. The European investment bank issued pricing guidance for DECO 2014-Tulip, the first multi-loan and sponsor securitisation comprised of Netherlands real estate since the global financial … Continue reading

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Natixis invites five bidders to pitch for £95m Park Inn hotel NPL

Natixis has invited a handpicked group of five investors to bid for a circa £95m non-performing loan (NPL) portfolio secured by eight three-star Park Inn hotels throughout the UK. The six separate loans are secured by the eight Park Inn … Continue reading

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Royal Bank of Scotland finances Kennedy Wilson’s Jupiter portfolio with £184m

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Royal Bank of Scotland has refinanced Kennedy Wilson Europe’s (KWE) circa £315m Jupiter portfolio with a £184m senior loan secured by the majority of the assets formerly owned by Moises and Mendi Gertner’s Fordgate. CoStar News understands that the five-year … Continue reading

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Allianz Real Estate commits to invest €140m in IPUT

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Allianz Real Estate, the international real estate division of Allianz Group with €30bn in assets under management, has committed to invest €140m in IPUT, the unlisted debt-free property fund in Ireland. The new capital is evidence of IPUT’s stated ambition … Continue reading

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Romanian NPL market thaws with €1bn across portfolios from Bank of Cyprus and Erste Group up for sale

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Two non-performing corporate loan portfolios, secured by Romanian commercial real estate, have been launched with a combined face value of just under €1bn from Bank of Cyprus (BoC) and Erste Group. The first non-performing loan (NPL) portfolio is dubbed Project … Continue reading

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