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Colony Capital exchanged contracts on Friday night to acquire the remaining Gemini UK commercial property portfolio for £311m, after Värde Partners’ exclusivity period expired 10 days ago, CoStar News has learned. Colony, in partnership with asset manager Quidnet Capital Partners, … Continue reading
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Värde Partners has won the remaining 24-strong Gemini UK commercial property portfolio, formerly owned by Glenn Maud’s Propinvest, for above £305m, CoStar News has learned. The sale price reflects a sub 9% net initial yield and reflects around a 10% … Continue reading
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PIMCO and Tetrarch Capital have appointed JLL and CBRE to sell four properties from their 25-strong Ulysses portfolio, comprised of Dublin city centre office buildings secured by long-term government income. JLL and CBRE have been jointly on the mini portfolio … Continue reading
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Kildare Partners, Ellis Short’s private equity firm, has instructed CBRE and GN2 to seek offers in excess of £75m for 2 Park Street in Mayfair, which if achieved would crystallise a profit of more than £22m in 18 months. Kildare … Continue reading
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European real estate new lending increased by around 55% to around €65bn in 2014, based on estimates implied from Cushman & Wakefield data, driven by increased lending capacity and a 32% increase in transaction volumes to €218bn. In a report … Continue reading
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NAMA has launched the sale of the Parks portfolio, comprised of five retail parks throughout Ireland, through investment sales agents CBRE and DTZ Sherry FitzGerald with a guide price of €110m. CoStar News first ran a story on the Parks … Continue reading
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Blackstone and Google have split the spoils of NAMA’s four-strong Dublin office Platinum portfolio for a combined sale price of €165m, CoStar News can reveal. The two separate winners fended off second round offers from Hibernia REIT and Irish Life … Continue reading
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NAMA has selected Kennedy Wilson, Lone Star, Starwood Capital and a joint bid from York Capital Management and D2 Private to progress through to the second round of the €373m Project Holly Irish non-performing loan portfolio sale, CoStar News can … Continue reading
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Final bids are due next week for NAMA’s €250m Project Club with a final three-strong shortlist comprising Patron Capital, Castlelake formerly named TPG Credit and a majority-led CarVal Investors joint venture bid with its loan servicing partner Pepper Asset Servicing. … Continue reading
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