UK CRE portfolio market warms up with £500m in live deals

Approximately half a billion pounds in UK commercial property investment portfolios has come to market within the last couple of weeks, as deal flow finally starts to pick up. It has been a relatively slow start to the year for … Continue reading →

Inside Propertize’s complex €5.5bn Project Swan corporate sale

This gallery contains 1 photo.

Bidders have approximately two weeks to submit first round indicative bids for Propertize, the Dutch State-owned real estate bad bank, for which the floor price for a viable trade looks to be around €3.1bn. The proposed private auction sale of … Continue reading →

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 →

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

This gallery contains 1 photo.

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 →

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

This gallery contains 1 photo.

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 →

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

This gallery contains 1 photo.

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 →

AIG backs Teddy Sagi’s Camden regeneration company with up to £900m senior financing

This gallery contains 1 photo.

AIG Asset Management has provided a long-term secured debt facility for up £900m to Market Tech, Teddy Sagi’s hybrid e-commerce and real estate firm which owns and manages the iconic Camden Markets, in a move which substantially simplifies the company’s … Continue reading →

Tim Knowles fronts Brunel Shopping Centre loan purchase with Deutsche Bank arranged financing

This gallery contains 1 photo.

Tim Knowles’ FI Real Estate Management (FIREM) has fronted the acquisition of the defaulted Brunel Shopping Centre loan, secured by the 550,692 sq ft centre in Swindon, for £68m, financed with three-year £68.0m secured unrated corporate bond arranged by Deutsche … Continue reading →

Cerberus beats Apollo to win Project Arrow for around €800m

This gallery contains 1 photo.

Cerberus Capital Management has won the last major NAMA non-performing loan portfolio of the year, Project Arrow, believed to be paying around €800m for the pool of Irish real estate loans. NAMA confirmed Cerberus’ selection as the preferred bidder today … Continue reading →