Monthly Archives: September 2015

Citi and Lloyds sell £250m Nido loan to AXA and syndicate £100m mini CMBS tranche

Citigroup and Lloyds Bank have syndicated a £100m tranche in CMBS format of the £390m whole loan extended to the Greystar Real Estate-led acquisition of three Nido student accommodation blocks in central London, as part of a wider sell down … Continue reading

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CREFC Europe publishes Frothy Times programme for two-day autumn conference

CREFC Europe has published the programme for its two-day autumn conference in London, which will bring together the European real estate finance industry’s leading leaders, investors and advisers to debate market trends, prospects and challenges. More than 350 market participants … Continue reading

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NAMA awards Hammerson and Allianz exclusivity on Project Jewel (updated)

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Hammerson and Allianz Real Estate last night signed exclusivity to acquire the Project Jewel loan portfolio from NAMA for €1.85bn, anchored by Ireland’s largest shopping centre, the 1.5m sq ft Dundrum Town Centre. The 50:50 joint venture partners’ €1.85bn price … Continue reading

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Lone Star declares Quintain offer unconditional, Elliott Capital to accept revised offer (updated)

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Lone Star has directly acquired a 4.3% stake in Quintain this morning following this morning’s publication of its revised offer for all shareholders of £745m, or 141 pence per share, which lifts the private equity firm over the 75% threshold … Continue reading

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NAMA receives three binding bids for Dundrum shopping centre last night

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NAMA received binding bids last night from the reduced three finalists for €2.4bn Project Jewel loan portfolio, which includes the bad bank’s centerpiece commercial property – the 1.3m sq ft Dundrum Town Centre. CoStar News has learned that the original … Continue reading

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Lone Star increases Quintain takeover offer to £745m to quell Elliott Capital threat

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Lone Star has responded to Elliott Capital Advisors’ 11th hour intervention over its attempted takeover of Quintain, the listed London residential property developer, by increasing its overall all cash offer by £45m to £745m, increasing the offer to shareholders by … Continue reading

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Analysis: Elliott Capital seeks to thwart Lone Star’s £700m Quintain takeover

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Elliott Capital Advisors has thwarted Lone Star’s proposed £700m takeover of Quintain after the purchase of a 12.9% stake in the listed London residential property developer yesterday, seemingly in an 11th hour effort to either flush out a rival bidder … Continue reading

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BAML prices slimmed down Starwood Capital CMBS at blended discount

Bank of America Merrill Lynch (BAML) has priced the scaled back securitisation of two loans extended to Starwood Capital’s MStar Europe joint venture fund at a weighted average discount of 1.8% to par across the transaction. Final pricing for BAML’s … Continue reading

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Lloyds Bank underwrites £147m Parkgate whole loan and sells mezzanine strip

Lloyds Bank has underwritten its first mezzanine loan since following the completion of its workout and sell off of legacy lending as part of a £147m five-year whole loan to finance BMO Real Estate Partners’ (BMO) £175m acquisition of Parkgate … Continue reading

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