Kennedy Wilson confirms another £200m slated for sale as the European property investor continues to mature

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Kennedy Wilson Europe Real Estate (KWE) has announced a second tranche of asset disposals, with around £200m worth slated for sale by mid-2017, as the fast-maturing listed property company seeks to crystallise profits and redeploy proceeds in its favoured four … Continue reading

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‘Brexit’ reality looms: is UK exit a damp squib or are we on brink of structural precipice?

UK markets have entered a four-month period of volatility after prime minister David Cameron fired the starting gun last Saturday on whether Britain should remain in the EU. Whether the impending historic referendum – confirmed for June 23 – has … Continue reading

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BAML tests CMBS market with first deal of the year in €317m Blackstone-sponsored Kingfisher transaction

BAML has launched the first European CMBS of the year, the securitization of a loan extended to Blackstone to acquire the Kingfisher retail-led property portfolio in Germany from bad bank FMS Wertmanagement. The capital structure for the €317.05m TAURUS 2016-1 … Continue reading

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KPMG: €32bn of live European loan portfolios up for sale

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There is currently more than €32bn in ongoing European loan portfolios transactions, according to KPMG, including as much as €17.5bn in commercial real estate-led transactions. KPMG, in its annual European Debt Sales report published yesterday afternoon, reports that there are … Continue reading

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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

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Syndicated real estate loan market in EMEA net beneficiary of H2 capital market closure

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Syndicated lending to real estate in Europe, the Middle East and Africa (EMEA) of €40.0bn in the second half of 2015, together with upward revisions for H1, drove annual volumes of €74.7bn, completing the second full year of data, as … Continue reading

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Deloitte: European loan sales volumes to surpass €130bn in 2016

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European legacy loan de-leveraging is forecast to smash 2015’s record annual disposals of almost €105bn with sales to top €130bn this year, in a punchy prediction by Deloitte as part of its comprehensive market review and outlook. Deloitte has identified … Continue reading

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European CRE lending estimated at €125bn for 2015 as macro headwinds develop

New commercial real estate lending in Europe rose by almost 39% to €125bn in 2015, according to estimates by Cushman & Wakefield, in a 12 month period which saw financing markets continue to fragment across the lending spectrum in pricing … Continue reading

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Tim Knowles finances Lea Valley DPO with £73m finance package from Aviva Investors and Pramerica

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Tim Knowles has closed the purchase and financing the 24-strong regional industrial Lea Valley portfolio, which he used to own directly, financed with a mixture of senior and mezzanine financing. Knowles agreed a discounted purchase offer (DPO) for £90m last … Continue reading

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