Monthly Archives: December 2015

CAM Capital buys legacy Project Isobel BT data centre financed by ICG-Longbow

CAM Capital has acquired the BT data centre in Cardiff which was formerly partially collateral in the Project Isobel loan portfolio for approximately £25m. CoStar News understands that ICG-Longbow has been lined to up finance the asset with a circa … Continue reading

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Park Street completes $100m capital raising and closes maiden deal

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Park Street Advisors, a private equity fund advisor focused on structured and distressed European commercial real estate, has completed the first closing of $100m for its maiden fund from a large US private equity firm. The fund, called Panther Capital … Continue reading

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De Montfort Survey: New lending surge could prompt first rise in UK commercial property debt volumes in seven years

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Post-crisis UK commercial property deleveraging slowed to a trickle in the first half of this year in part offset by a 25% year-on-year increase in the rate of new lending, which could bring to an end a run of six … Continue reading

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Grosvenor secures competitive Liverpool ONE refinancing as shopping centre comes of age

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Grosvenor, the real estate company owned by the Duke of Westminster, has refinanced the 2.4m sq ft Liverpool ONE shopping centre with a seven-year £410m loan from a five-strong club of banks. Grosvenor, the real estate company owned by the … Continue reading

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Aareal provides €129m senior and capex facility for Tristan and Cornerstone’s Garden Tower

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Aareal Bank has financed Tristan Capital Partners and Cornerstone Real Estate Advisers’ €175m acquisition of the Garden Tower, a high-rise office building in Frankfurt, with a five-year €129m facility. CoStar News understands that the senior facility is around 67% to … Continue reading

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RBS and Crédit Agricole CIB provide £90m loan for Great Ropemaker Partnership

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Great Portland Estates has arranged a new £90m five year non-recourse loan with Royal Bank of Scotland and Crédit Agricole CIB for The Great Ropemaker Partnership (GRP). CoStar News understands that the margin was 125 basis points over three-month LIBOR, … Continue reading

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Tribeca’s LBBW-led Oxford Street block cash-out refi crystallises at least £75m in profit

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Tribeca Holdings has refinanced the prime retail block opposite Selfridges at 431-451 Oxford Street with a £227.5m six year whole loan provided by LBBW and TH Real Estate, in a cash-out refi which crystallising at least £75m in profit. Rothschild … Continue reading

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Sale of €5.5bn Propertize bad bank dubbed Project Swan kicks off in January

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NL Financial Investments, the financial entity established by the Dutch State to bail out the country’s bank in the global financial crisis, has formally sanctioned the privatisation of the Propertize bad bank, in a sale process dubbed Project Swan. Propertize … Continue reading

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Lone Star secures £133m development loan for Two Fifty One resi-led scheme near Ministry of Sound nightclub

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Lone Star has secured a £133m development finance facility from Lloyds Bank’s commercial real estate team and Wells Fargo for the Two Fifty One scheme near the Ministry of Sound nightclub in Elephant & Castle. The development facility is split … Continue reading

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