Monthly Archives: May 2015

Data room for NAMA’s €2.4bn Project Jewel to open in three weeks

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NAMA’s Project Jewel loan portfolio, including the bad bank’s marquee Irish asset the 1.3m sq ft Dundrum Town Centre, will be launched in just over two weeks with a completed data room scheduled for the third week of June. Project … Continue reading

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JPMorgan launches multi-jurisdictional Blackstone Mint CMBS

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JPMorgan has launched the refinancing of Blackstone’s reduced Mint hotel portfolio, in the investment bank’s return to European CMBS and also the first post-crisis multi-jurisdictional, dual-currency securitisation, in the three-year Mint 2015 PLC transaction. Mint 2015 PLC is comprised of … Continue reading

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Kildare Partners pays c.£260m for Karlin Real Estate’s Project Carolus plus Fox Court

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Karlin Real Estate is selling both its near 30-strong Project Carolus granular UK secondary portfolio and Fox Court in London’s Midtown to Ellis Short’s Kildare Partners paying a combined circa £260m, CoStar News has learned. Rockspring Hanover Property Unit Trust, … Continue reading

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Lone Star buys c.€185m CEE Aviva portfolio with €120m PBB and UniCredit loan

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Lone Star has acquired a 10-strong pan-European mixed-use real estate portfolio for around €185m from Aviva Investors, financed with a €120m loan from Deutsche Pfandbriefbank (PBB) and UniCredit Bank Austria AG. PBB and Unicredit took a 50:50 participation in the … Continue reading

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PIMCO appoints agents to sell ‘mini’ government-backed Ulysses portfolio for €28.5m

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PIMCO and Tetrarch Capital have appointed JLL and CBRE to sell four properties from their 25-strong Ulysses portfolio, comprised of Dublin city centre office buildings secured by long-term government income. JLL and CBRE have been jointly on the mini portfolio … Continue reading

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RBS sells Project Coney to Sankaty Advisors and Project Rathlin to Cerberus

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Royal Bank of Scotland has sold two further non-performing loan portfolios secured against commercial properties in the Republic of Ireland and the bank’s final clean-up trade of Northern Irish assets. Sankaty Advisors, the affiliate of Bain Capital which has been … Continue reading

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Grainmarket refis 10-strong office-dominated portfolio with £52m TH Real Estate whole loan

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Grainmarket Properties, the property developer and investor with a 700,000 sq ft London and the South of England real estate portfolio, has refinanced a 10-strong predominantly office-led portfolio with a six-year £52m whole loan from TIAA Henderson Real Estate (TH … Continue reading

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Annual De Montfort Report Analysis: new lending hits six-year high at £45bn

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New commercial property lending in the UK reached a six-year high topping £45bn for the 2014 calendar year, with insurance companies and debt funds accounting for a quarter of all new loans and almost one-fifth of the asset classes entire … Continue reading

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Varde Partners goes exclusive on Bizspace Project Spring as Catalyst Capital wins Regatta portfolio

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Varde Partners has entered exclusive negotiations to acquire Bizspace Group, the distressed logistics and office business space operator formerly owned by a Highcross fund, for north of £130m, CoStar News has learned. The Bizspace Group operating business sale – dubbed … Continue reading

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