Monthly Archives: November 2014

Bank of England to engage with sector over viability of CRE loan database

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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 to refinance £150m Nationwide debt while insisting no takeover approach from Hong Kong billionaire

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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

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Mount Kellett’s CityPoint junior loan sale at just above £70m cements Brookfield’s pole position for skyscraper buy

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

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BREDS and BXMT separately close £411m in hotel-backed whole loans for KSL Capital and Sankaty Advisors

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 recruits Evans Randall’s Simon Laker to head European asset management

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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 refi’s Barclays debt with 35-year secured bond through capital markets

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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

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Richard Dakin joins CBRE Capital Advisors as managing director

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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Indicative bids on Nationwide’s £1bn Project Carlisle in this afternoon

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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

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Jim O’Leary leaves Capita Asset Services after 14 years

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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