Monthly Archives: January 2016

Market volatility likely to spill over into higher real estate margins and reduced liquidity

Liquidity in real estate finance markets has tightening in the early weeks of the New Year, as banks react to renewed Chinese equity market volatility with caution. Events in world equity fixed income and commodity markets in recent weeks have … Continue reading

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BNP Paribas and Crédit Agricole extends competitive €450m seven-year Tour First financing

AXA Investment Managers Real Assets has secured a €450m seven-year senior loan to finance its acquisition of Tour First office tower, France’s tallest building, from BNP Paribas CIB and Crédit Agricole CIB. AXA IM paid €825m, on behalf of a … Continue reading

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Park Street appoints former Mapeley Estates’ Phillip Bennison as head of property

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Park Street Advisors has recruited Phillip Bennison, former head of asset management at Mapeley Estates, in the first of several new arrivals expected in the coming months at the European structured real estate private equity firm. Bennison joins Park Street … Continue reading

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Green Property puts Dublin’s Blanchardstown Centre up for sale for in excess of €1bn

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Green Property Group, the Ireland and UK property investment and development company chaired by Stephen Vernon, is bringing its crown jewel retail asset to market, Blanchardstown Centre, which could fetch in excess of €1bn. Blanchardstown Centre, which opened in 1996, … Continue reading

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Lloyds Bank extends a £185m debt facility for retail development scheme at The O2

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Lloyds Bank Commercial Banking has extended a £185m debt facility partly to finance the development a new designer outlet retail scheme at The O2 in London for joint venture partners Crosstree Real Estate Partners and Anschutz Entertainment Group (AEG). Crosstree … Continue reading

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KWE completes sale of Project Avon UK fire control centres for £100m

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Kennedy Wilson Europe Real Estate (KWE) has completed the disposal of the underlying collateral of the Avon loan portfolio to a UK infrastructure fund for a total consideration of £100.3m, reflecting an exit yield of 6.5%. The six-strong non-performing loan … Continue reading

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NPL Europe 2016 conference comes to London this March

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A two-day summit will take place this March in London focusing on the non-performing loan (NPL) market bringing together investment banks, distressed funds, bad banks, debt purchasers and servicers from all over Europe. Taking place at the Montcalm Hotel in … Continue reading

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Park Street acquires tactical stake in Norway’s Storebrand Optimér fund

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Park Street, the European private equity real estate manager, has acquired a tactical equity stake in the Storebrand Optimér property fund, a Norwegian unlisted real estate fund managed by the asset management arm of Storebrand, the insurance and pension provider. … Continue reading

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Harcourt Developments ready to sell Davidson Kempner financed The Gateway Offices in Belfast

Harcourt Developments, the Dublin-based property developer and investor, is bringing to market The Gateway Offices in Belfast’s Titanic Quarter with a guide price of £29m. Ulster Bank sold the loan secured against Harcourt’s two waterfront built out schemes in Titanic … Continue reading

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