Opportunistic investors circle over £300m Gemini carcass

At least half a dozen investors are preparing bids for the remaining Gemini UK-wide mixed-use commercial property portfolio, formerly owned by Glenn Maud’s Propinvest. CoStar News understands Tristan Capital Partners, Westbrook Partners, Värde Partners, Goldman Sachs and Colony Capital are … Continue reading →

BAML issues ‘Project Moon’ CMBS initial pricing guidance

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BAML has issued initial pricing guidance for £211.5m Taurus CMBS UK 2014-1 transaction, the securitisation of Apollo’s senior loan which financed its purchase of Aviva Commercial Finance’s Project Moon UK secondary property portfolio. Initial pricing guidance for the three class … Continue reading →

NHP class A bondholders reject Anchorage Capital and CS counter proposal

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Anchorage Capital and Credit Suisse International’s joint 11th hour counter proposal to suspend the imminent sale of the NHP Group’s 282-strong former Southern Cross nursing homes has been rejected by class A noteholders. U.S. Bank Trustees, the trustee and cash … Continue reading →

DTZ appointed Mapeley’s Gamma LPA receiver

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DTZ has been appointed as LPA receiver over Mapeley’s £116m UK secondary office Gamma portfolio, enforced yesterday afternoon by special servicer Hatfield Philips International (HPI), CoStar News can reveal. Bryn Williams, head of UK corporate recovery, and Fergus Jack, head … Continue reading →