Tag Archives: AXA Real Estate

Commerzbank’s €4.4bn Project Octopus draws substantial first round interest

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Lazards is poring over a raft of first round single and joint venture bids for Project Octopus, the codename for Commerzbank’s sale of its legacy €4.4bn Eurohypo Spanish commercial property lending business. CoStar News has learned that five joint venture … Continue reading

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Citigroup and JPMorgan vie for Postbank’s €1.9bn ‘Project Tower’ UK CRE loan book

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Citigroup and JPMorgan are the two finalists vying to acquire Deutsche Postbank’s circa €1.9bn predominantly UK commercial real estate loan book, codenamed Project Tower, in the second giant performing property loan book trade of the year, CoStar News understands. The … Continue reading

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Apollo-Rida secures €650m six-bank senior and €55m ADIA-led junior ticket

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Apollo-Rida, a joint venture between AREA Property Partners and Rida Development Corporation, and AXA Real Estate Investment Managers (REIM) have refinanced their joint venture 28-strong shopping centre, retail park and hypermarket portfolio in Poland with €650m in senior debt from … Continue reading

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AXA Real Estate eyes move up the risk curve for €2.3bn lending drive in 2013

AXA Real Estate Investment Managers will increasingly move up their risk curve for its senior debt lending programme this year as the insurance lender seeks to match last year’s €2.3bn lending tally. The pace of change in market dynamics in … Continue reading

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Part I: A definitive guide to Europe’s largest 2013 CMBS loan maturities

This is Europe’s biggest year yet for CMBS loan maturities with the endgame in sight for many of the largest securitisations issued on this side of the Atlantic. CoStar News reviews the 10 biggest and explores the likely outcomes. By … Continue reading

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AXA RE closes €800m SocGen portfolio and raises another €2bn to lend

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AXA Real Estate has finally announced the purchase of an €800m portfolio of performing commercial real estate loans from Société Générale, as Europe’s largest new insurance property lender completes a third major capital raising which will increase its total capacity … Continue reading

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Commerzbank is an unlikely seller of Hypothekenbank Frankfurt’s performing property loan book

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Commerzbank is increasingly unlikely to entertain discounts for Eurohypo’s €7bn UK commercial real estate predominantly performing loan book, as Germany’s second largest bank seeks to recover the maximum capital from the wind down of one of Europe’s formerly biggest real … Continue reading

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Goldman sells £100m of Blackstone’s Devonshire Square debt to AXA Real Estate

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Goldman Sachs funded Blackstone’s circa £325m Devonshire Square estate purchase from Rockpoint and ADIA with a £220m senior loan which has been partially syndicated to AXA Real Estate, CoStar News understands. Blackstone’s purchase of the 13-strong campus style complex in … Continue reading

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AXA Real Estate in talks to buy €1.2bn of SocGen performing loans

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AXA Real Estate Investment Managers, the global real estate manager, has been selected as the preferred bidder to acquire around €1.2bn of nominally-valued performing real estate loans from Société Générale, CoStar News understands. The deal is the third loan disposal … Continue reading

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