Tag Archives: Cerberus Capital Management

KWE completes sale of Project Avon UK fire control centres for £100m

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Kennedy Wilson Europe Real Estate (KWE) has completed the disposal of the underlying collateral of the Avon loan portfolio to a UK infrastructure fund for a total consideration of £100.3m, reflecting an exit yield of 6.5%. The six-strong non-performing loan … Continue reading

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Cerberus recruits Apollo’s David Abrams as senior MD in London

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Cerberus Capital Management has appointed Apollo Management’s David Abrams as a senior managing director of Cerberus UK Advisors’ London office. Abrams will play an integral role in expanding the firm’s credit platform, focus on distressed opportunities in the emerging markets, … Continue reading

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Goldman Sachs and CarVal Investors withdraw from €7.2bn Project Arrow race

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Goldman Sachs and CarVal Investors have pulled out of the race to acquire NAMA’s granular Project Arrow non-performing loan portfolio, which is secured by around 2,400 properties predominantly throughout Ireland, CoStar News has learned. The reason for Goldman and CarVal’s … Continue reading

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Cerberus wins Netherlands-dominant Project Lucas NPL from Van Lanschot

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Van Lanschot, the almost 300-year old independent bank in the Netherlands, has sold its first-ever non-performing commercial real estate loan portfolio to Cerberus Capital Management. Project Lucas, almost entirely comprised of commercial properties in the Netherlands, had an original principal … Continue reading

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Cerberus wins final resi tranche of Project Finn for £225m, as bidders turn to Lloyds €4.2bn Project Poseidon

Cerberus Capital Management has won the final tranche of Ulster Bank’s Project Finn, paying £225m for the Irish residential mortgage pool, comprised of around 2,000 separate borrowers, completing the three-tranche sale to separate winners in the last 48 hours. This … 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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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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RBS sells Project Coney to Sankaty Advisors and Project Rathlin to Cerberus

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Royal Bank of Scotland has sold two further non-performing loan portfolios secured against commercial properties in the Republic of Ireland and the bank’s final clean-up trade of Northern Irish assets. Sankaty Advisors, the affiliate of Bain Capital which has been … Continue reading

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Private equity funds prepare final bids for €740m Project Gaudi

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A trio of private equity funds are among four finalists which will submit binding bids next week for a €740m portfolio of predominantly Spanish commercial real estate loans, secured by a raft of prized assets including the Hotel Arts in … Continue reading

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