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The Bank of England (BoE) has confirmed its intention for deeper consultation with the commercial real estate (CRE) industry over the development of loan database for the sector while acknowledging that the benefits must outweigh the costs. In its response … Continue reading
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Shaftesbury, the specialist London West End REIT, has begun the process to refinance £150m in two existing Nationwide loans, with the replacement financing longer-dated and up to £50m larger. The two existing loans, a £100m facility originated in 2006 and … Continue reading
Brookfield Office Properties purchased the junior loan secured by CityPoint tower in the City of London for just over £70m, CoStar News understands, positioning the global real estate investor with a strategic advantage over rivals to purchase the skyscraper. CoStar … Continue reading
Blackstone Real Estate Debt Strategies (BREDS) has provided KSL Capital Partners with a £315m whole loan to finance the US private equity group’s £485m acquisition of the final tranche of De Vere Group’s UK mid-market Village hotel chain. Continue reading
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H.I.G. Capital has recruited Evans Randall’s Simon Laker as principal and head of European asset management of H.I.G.’s €13bn real estate portfolio. Laker will be based in the London office of H.I.G., with his appointment coming two months after the … Continue reading
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Herefordshire Housing Limited (HHL) has refinanced a restrictive Barclays Bank bilateral loan with a £85m tranche of a total £120m secured bond pricing on Friday lifting a restriction on raising additional capital for new housing developments. HHL, a UK housing … Continue reading
Richard Dakin is joining CBRE Capital Advisors as a managing director after ending a 30-year career with Lloyds earlier this month. Dakin’s joining CBRE Capital Advisors as Managing Director sees Philip Cropper promoted to Chairman of the division with a focus on managing … Continue reading
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First round bids for Nationwide’s £1bn Project Carlisle UK non-performing loan portfolio are due this afternoon, with at least half a dozen private equity funds and hedge funds expected to compete in a tight contest. Project Carlisle has an unpaid … Continue reading
Jim O’Leary has left Capita Asset Services bringing to an end an almost 14-year career at Europe’s largest independent loan servicing firm to pursue other opportunities. O’Leary, a well-regarded industry figure, has played a key leadership role in the some … Continue reading
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