Monthly Archives: November 2015

Colony to close Gemini with £180m BAML loan as legacy valuation legal ruling looms

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Colony Capital will close the £311m purchase of the remaining 24-strong Gemini portfolio next week, financed with a five-year £180m senior loan by Bank of America Merrill Lynch (BAML). CoStar News understands that the five-year loan will be priced just … Continue reading

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European CMBS annual issuance closes 2015 at €5bn after summer of macro strife widens ABS spreads

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Commercial mortgage backed securitisation (CMBS) issuance in Europe reached €5.2bn in 2015, data compiled by Bank of America Merrill Lynch (BAML) shows, with the investment bank’s ABS research team forecasting between €5bn and €10bn next year. Annual deal flow, across … Continue reading

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CREFC Europe conference kicks off next week book your delegate places now

Final pre walk-in rate delegate places are available for CREFC Europe’s annual two-day autumn conference which starts next Monday, drawing together more than 320 of the European CRE finance industry’s most senior lenders, investors and advisers to debate current hot … Continue reading

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Court of Appeal vindicates Colliers of ‘negligent’ over valuation claim legacy Titan CMBS deal

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The Court of Appeal has overturned Justice Blair’s High Court judgement squashing the negligence claim against Colliers International that the firm had over valued a German department store by €32m 10 years ago. In the judgment handed down this morning … Continue reading

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M&G Investments promotes Lynn Gilbert to succeed Paul Dittmann who left a month ago

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M&G Investments’ Lynn Gilbert has been promoted to head of senior real estate debt strategies, following the departure of Paul Dittmann after four years with the European commercial real estate insurance lender. M&G Investments issued a press statement within the … Continue reading

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Blackstone weighs up £215m Project Webb bidders amid flurry of pre-Christmas live UK portfolio deals worth £1.2bn-plus

Blackstone is expected to select an outright winner this week for its 46-strong Project Webb UK mixed-used portfolio amid a flurry of at least 10 live portfolio deals expected to close before the year end, collectively valued at more than … Continue reading

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