Monthly Archives: June 2015

Project Traction and Aqua portfolio second round bids in amid flurry of live pan-European deals

Second round bids have been submitted for two large multi-country European office portfolios, amid a flurry of such deals across the Continent. CoStar News understands that IVG’s rump pan European office portfolio – dubbed Project Traction – has received second … Continue reading

Gallery | Tagged , , , , , , | Leave a comment

Helaba ponders whether to progress sale or withdrawal of Project Aurora NPL

This gallery contains 1 photo.

Helaba is expected to make a decision this week on whether to pursue the sale of the circa €450m Project Aurora non-performing loan portfolio after the second round pricing came in significantly below the bank’s expectations, CoStar News understands. Project … Continue reading

Gallery | Tagged , , , , , , , | Leave a comment

Fitch Ratings interjects on Mint 2015 CMBS questioning S&P and DBRS’ ratings

Fitch Ratings has interjected in the ongoing sale of the Mint 2015 securitisation debt, issued by JPMorgan which is secured by three rebranded Hilton hotels, with an unsolicited press release issued on Friday afternoon challenging the ratings rationale concluded by … Continue reading

Gallery | Tagged , , , , , | Leave a comment

Brookland Partners hires HPI’s John Muldoon and GE Capital’s Gwendolyn Moy

This gallery contains 1 photo.

Brookland Partners has hired Hatfield Phillips International (HPI) director John Muldoon and former GE Capital Real Estate’s Gwendolyn Moy to join the firm’s expanding lending platform, European Real Estate Capital. Muldoon is expected to join Brookland next month after almost … Continue reading

Gallery | Tagged , , , , | Leave a comment

CREFC Europe launches CRE debt industry training programme to support young professionals and mid-level hires

This gallery contains 1 photo.

CREFC Europe, the European trade association for commercial real estate lenders and debt investors, has launched the sector’s first real estate debt training programme. The aim is to provide detailed, relevant training to recent hires and mid-level professionals working across … Continue reading

Gallery | Tagged | 2 Comments

Goldman Sachs launches Apollo-sponsored €182m Italian CMBS

This gallery contains 1 photo.

Goldman Sachs has today launched the securitisation of a €181.95m loan extended to an Apollo Global Management-backed fund, managed by AXA Real Estate, which financed the €290m acquisition of a 25-strong mixed-use Italian portfolio with a weighting towards retail and … Continue reading

Gallery | Leave a comment

British Land closes first-ever zero percent convertible bond by a UK REIT

British Land has closed the UK’s first-ever convertible bond which pays a 0% bi-annual coupon, in the £350m five-year issuance which recoups the REIT’s capital on the all-cash acquisitions of One Sheldon Square and Surrey Quays Leisure earlier this year. … Continue reading

Gallery | Leave a comment

JPMorgan and Lone Star win Commerzbank’s pan-Euro loan portfolio as Oaktree wins German NPL

This gallery contains 1 photo.

JPMorgan and Lone Star have been selected as the preferred bidders for Commerzbank’s €2.2bn pan-European commercial real estate (CRE) loan portfolio while Oaktree Capital Management has been selected as for the circa €700m German NPL. Cerberus Capital Management, Colony Capital and … Continue reading

Gallery | Tagged , , , , | Leave a comment

Aareal Bank completes €350m WestImmo acquisition

This gallery contains 1 photo.

Aareal Bank Group has completed the acquisition of all of the shares of Westdeutsche ImmobilienBank AG (WestImmo) for €350m, acquiring a €4.3bn performing European commercial real estate loan book. This is Aareal’s second acquisition inside the last 15 months, after … Continue reading

Gallery | Tagged , | Leave a comment