Tag Archives: Aviva Investors

Lone Star completes £2.3bn Project Churchill win in largest NPL deal of the year

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Lone Star yesterday completed the £2.3bn acquisition of Aviva’s final major UK loan portfolio sale, Project Churchill, in the largest NPL trade in Europe this year. JPMorgan, which backed Oaktree in the first round and Apollo in the second round, … Continue reading

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Lone Star buys c.€185m CEE Aviva portfolio with €120m PBB and UniCredit loan

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Lone Star has acquired a 10-strong pan-European mixed-use real estate portfolio for around €185m from Aviva Investors, financed with a €120m loan from Deutsche Pfandbriefbank (PBB) and UniCredit Bank Austria AG. PBB and Unicredit took a 50:50 participation in the … Continue reading

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Shareholders ratify C&R share placing to fund £213m Mall Fund stake buy

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Shareholders in Capital & Regional have ratified the purchase of 351.1m new ordinary shares in the specialist retail property company this afternoon raising £165m in gross proceeds to fund the purchase of 62.54% of units in the Mall Fund for … Continue reading

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Lloyds Bank syndicates £50m of Quercus debt to BAWAG

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Lloyds Bank has sold a £50m slice of a two-tranche circa £225m senior loan secured by Quercus Healthcare Property Partnership to BAWAG, the Austrian lender majority-owned by Cerberus Capital Management. Quercus Healthcare Property Partnership, the joint venture partnership between Aviva … Continue reading

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Morgan Stanley to refinance Mall Fund with £375m five year senior loan

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Morgan Stanley has been selected by the board of the £685m Mall Fund to refinance the maturing securitised senior loan with a fresh £375m five-year facility, paving the way for noteholders in the existing CMBS to be repaid at par … Continue reading

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Deutsche Annington’s €1.4bn Vitus buy expects to trigger 2014 refinancing

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Deutsche Annington’s €1.4bn acquisition of Vitus Group’s near 30,000-strong German multifamily portfolio is expected to trigger the repayment and refinancing of the inherited complex €1.35bn debt structure in time for the deal’s closure in the fourth quarter, CoStar News understands. … Continue reading

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HAIL and Hines close 73% Liffey Valley stake for €253m with €140m BoI senior loan

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HSBC Alternative Investments Limited (HAIL) and Hines have completed the purchase of Aviva Investors’ 72.8% stake in Dublin’s Liffey Valley shopping centre for €253m on Friday, financed with a five-year €140m senior loan from Bank of Ireland, CoStar News understands. … Continue reading

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Four bank club to emerge on Mall Fund’s ‘Project Maple’ £375m refinancing

Rothschild is pouring over a raft of indicative term sheets to refinance the maturing CMBS debt on the Mall Fund, the shopping centre fund majority-owned by Aviva Investors and Capital & Regional.  The board of the Mall Fund, which is … Continue reading

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PBB finances Harbert’s competitive Diamond portfolio win with £48m loan

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Deutsche Pfandbriefbank (PBB) has provided a £48m five-year loan for Harbert Management Corporation’s (HMC) to finance its acquisition of six of the seven-strong UK retail warehouses Diamond portfolio acquired from Aviva Investors. The 488,000 sq ft Diamond portfolio comprises five … Continue reading

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