Tag Archives: Citi

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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Lloyds and Citi syndicate Peel’s MediaCityUK £325m loan to AIG and ING

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Lloyds Bank and Citi have syndicated the majority of the £325m five-year senior loan secured by Peel Group’s MediaCityUK, the home of the BBC’s Northern headquarters, to AIG and ING Real Estate Finance, CoStar News understands. Lloyds refinanced the maturing … Continue reading

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Project Pivot collapses for a second and final time

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Allied Irish Bank’s beleaguered UK non-performing loan portfolio (NPL) Project Pivot sale collapsed for a second and final time last night after the Irish bank’s last ditch effort to secure bids at a minimum reserve price went unheeded, CoStar News … Continue reading

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