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Lone Star is refinancing a portfolio of Dublin offices, including Iveagh Court Complex and 75 St Stephen’s Green, and is seeking up to €400m in a five-year term senior or whole loan. Eastdil Secured has been appointed to refinance several … Continue reading
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Bank of America Merrill Lynch (BAML) has priced the private equity-sponsored €286.425m Taurus 2015–1 IT securitisation this afternoon at a blended coupon of 186 basis points. Taurus 2015–1 IT is the securitisation of three commercial real estate loans – one … Continue reading
A cocktail of counteracting macro and regulatory influences are influencing banking liquidity for real estate finance throughout Europe at the early point of this year which in turn is impacting on global capital flows into the sector, asset prices and … Continue reading
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Sterne Agee, the privately-owned US financial services firm, has hired former Deutsche Bank and Merrill Lynch banker Inna Zhuranskaya as a managing director. Zhuranskaya, who joined earlier this month after two and a half years with Krestco Holdings, is responsible … Continue reading
Blackstone is on the brink of securing a £170m purchase of Cannon Bridge House in the City of London, through the acquisition of the B-Loan underneath the securitised debt from Fortress Investment Group. Blackstone will today complete the purchase of … Continue reading
More than €80bn in European real estate loans was sold last year as the market for legacy loan portfolios disposals reached a high watermark in the present de-leveraging era, according to newly-published data by C&W Corporate Finance in London. C&W … Continue reading
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Cromwell Property Group, the Australian REIT, last night announced the acquisition of Valad Europe for €145m, financed by the issuance of a euro-denominated €150m convertible bond. The purchase price reflects an EBITDA multiple of approximately 6.4x. The sale to Cromwell … Continue reading
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Bank of America Merrill Lynch (BAML) has issued initial pricing guidance on its first European commercial real estate securitisation of the year – the private equity sponsored €286.425m Taurus 2015–1 IT. The transaction is the securitisation of three commercial real … Continue reading
The European Central Bank’s larger-than-anticipated €1.1 trillion bond-building programme over the next 18 months will trigger second order effects in Europe’s commercial property debt and equity markets. ECB president Mario Draghi’s announcement yesterday surprised the market on the scale of … Continue reading
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