Tag Archives: Allianz Real Estate

Difficulties ahead for execution of Project Jewel loan-to-own strategy

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BAML’s equity research team has highlighted concerns over Hammerson and Allianz Real Estate’s certainty of execution in converting the planned €1.85bn Project Jewel loan portfolio into direct property ownership. NAMA selected Hammerson and Allianz as preferred bidders after the investors … Continue reading

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NAMA awards Hammerson and Allianz exclusivity on Project Jewel (updated)

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Hammerson and Allianz Real Estate last night signed exclusivity to acquire the Project Jewel loan portfolio from NAMA for €1.85bn, anchored by Ireland’s largest shopping centre, the 1.5m sq ft Dundrum Town Centre. The 50:50 joint venture partners’ €1.85bn price … Continue reading

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NAMA receives three binding bids for Dundrum shopping centre last night

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NAMA received binding bids last night from the reduced three finalists for €2.4bn Project Jewel loan portfolio, which includes the bad bank’s centerpiece commercial property – the 1.3m sq ft Dundrum Town Centre. CoStar News has learned that the original … Continue reading

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Battle for Dundrum Town Centre narrows to five

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NAMA has selected a five-strong shortlist for its €2.4bn Project Jewel loan portfolio, as the battle for the 1.3m sq ft Dundrum Town Centre narrows to five. Allianz Real Estate, Hines, Hammerson, Davidson Kempner and Colony Capital are all believed … Continue reading

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NAMA weighs up indicative bids for the ‘jewel’ in its crown

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NAMA is expected to finalise the shortlist to acquire the loan portfolio which includes the 1.3m sq ft Dundrum Town Centre within the next 48 hours, in one of the bad bank’s most eagerly-awaited sales processes. Investors spanning sovereign wealth … Continue reading

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Allianz Real Estate makes Spanish debut with €133m loan for Merlin’s Marineda City

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Merlin Properties has financed the Marineda City shopping centre, the second largest shopping mall in Spain, with a 10-year €133.6m fixed interest rate senior loan from Allianz Real Estate, marking the insurer’s first Spanish commercial property loan. Allianz, who was … Continue reading

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Allianz Real Estate commits to invest €140m in IPUT

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Allianz Real Estate, the international real estate division of Allianz Group with €30bn in assets under management, has committed to invest €140m in IPUT, the unlisted debt-free property fund in Ireland. The new capital is evidence of IPUT’s stated ambition … Continue reading

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Allianz to lend €1.5bn this year with €5bn eyed by 2015

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Allianz Real Estate, Europe’s largest insurance company, is seeking to lend €1.5bn in senior debt against German and French commercial property this year, as it seeks to build a €5bn loan book by the end of 2015. Speaking this morning … Continue reading

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Stadium and CPPIB refi Centro with €650m from Allianz, Aareal and Heleba

Stadium Group and the Canadian Pension Plan Investment Board (CPPIB) have refinanced their joint venture €1.3bn Centro shopping centre in Oberhausen with €650m in senior debt provided by Allianz Real Estate, Aareal Bank and Heleba Landesbank Hessen-Thüringen. The fresh financing … Continue reading

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