Tag Archives: Apollo Global Management

Apollo pays €270m for bulk of Bridge portfolio and begins refinancing talks with banks

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Apollo Global Management has exchanged contracts to buy five of the six properties securing the Bridge loan in the legacy Lehman Brothers-issued Windermere X CMBS loan for circa €270m. The deal – for all assets in the Bridge portfolio except … Continue reading

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Lone Star pays near £2.25bn for Project Churchill financed by Citi and Morgan Stanley

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Lone Star has paid approaching £2.25bn for one of the last major UK real estate loan portfolios, Aviva’s Project Churchill, secured by more than 1,000 commercial properties nationwide, edging out Apollo Global Management. Project Churchill’s total unpaid principal balance (UPB) … Continue reading

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DB and Apollo secure CRE tranche of Ulster Bank’s Project Finn for £400m as same finalists prepare binding Lloyds’ Poisedon bids (Updated)

Royal Bank of Scotland has sold the largest tranche of the circa €2.6bn Project Finn non-performing Irish real estate loans from its Ulster Bank subsidiary to a joint venture comprised of Deutsche Bank and Apollo Global Management for £400m. CoStar News understands that … Continue reading

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NAMA selects three €608m Project Arch finalists as €7.2bn Project Arrow formally launches

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NAMA has selected three finalists to progress to the final stage for the acquisition of its third multi-borrower non-performing loan (NPL) portfolio, the €608m Project Arch pool, as the bad bank’s largest-ever nominal NPL, the €7.2bn Project Arrow, is officially … Continue reading

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Aviva selects three finalists to compete for £2.7bn Project Churchill UK loan portfolio

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Aviva has narrowed the search for a buyer for its final clean up trade of legacy UK commercial property loans in the £2.7bn Project Churchill portfolio, secured by just over 1,000 UK commercial properties, to three US private equity firms. … Continue reading

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Apollo simplifies Tragus’ complex capital structure built up over successive buyouts

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A consortium led by Apollo Global Management has completed the complex restructuring of Tragus Group, formerly owned by Blackstone, after taking ownership of the restaurant chain operators through a debt-for-equity swap and reducing its debt by more than £260m. Apollo, … Continue reading

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MEPC braced for four-strong finalists ‘toppy’ business park portfolio bids on Monday

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MEPC, the property investment subsidiary of Hermes Real Estate, has selected a four-strong shortlist of bidders through to the second and final round to acquire three of its seven UK business parks which were put up for sale two months … Continue reading

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BAML launches £211.5m ‘Project Moon’ UK CMBS

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BAML has launched the securitisation of a £211.5m senior loan extended to Apollo Global Management to finance its £347.2m acquisition of a direct property portfolio from Aviva Commercial Finance dubbed Project Moon. The £211.5m Taurus CMBS UK 2014-1 Ltd transaction … Continue reading

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Commerzbank narrows to final four on Project Octopus sale

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Commerzbank has selected four joint venture consortiums to progress through to the second round of the sales process of the Spanish commercial property lending platform, codenamed Project Octopus, from its formerly-named Eurohypo subsidiary. CoStar News understands that the following four consortiums through to … Continue reading

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