Tag Archives: Citigroup

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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Citi and Lloyds sell £250m Nido loan to AXA and syndicate £100m mini CMBS tranche

Citigroup and Lloyds Bank have syndicated a £100m tranche in CMBS format of the £390m whole loan extended to the Greystar Real Estate-led acquisition of three Nido student accommodation blocks in central London, as part of a wider sell down … Continue reading

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Deutsche Pfandbriefbank shrugs off Greece macro concerns to begin share placing

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The Federal Agency for Financial Market Stabilisation (FMSA), the owner of Hypo Real Estate Holding AG (HRE), which itself owns Deutsche Pfandbriefbank (PBB), has shaken off concerns around investor sentiment related to the ongoing Greece crisis to press ahead with … Continue reading

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Deutsche Pfandbriefbank to place 75% of share capital via IPO in July

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Deutsche Pfandbriefbank (PBB), the European commercial real estate bank spun out of the State-rescued Hypo Real Estate, has secured approval from the German Financial Markets Stabilisation Agency (FMSA) to return to the private sector through an initial public offering (IPO) … Continue reading

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Citigroup funds £390m loan for Greystar’s Nido purchase today

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Citigroup will today fund a five-year £390m senior loan to finance Greystar Real Estate Partners’ £600m acquisition of Nido London, a three-strong high-end student accommodation portfolio. Pricing on new Citigroup term loan is around 185 basis points over three months … Continue reading

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Lloyds Bank and Citigroup refi MediaCityUK and start syndication sell-down

Lloyds Bank and Citigroup have refinanced MediaCityUK scheme at Salford Quays in Manchester with a £277m senior loan, following the injection of new equity by Legal & General Capital (LGC) which has reduced the loan-to-value and recalibrated to current tighter … Continue reading

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Starting gun fired for sale or IPO of Deutsche Pfandbriefbank

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The sale process of Deutsche Pfandbriefbank (PBB) has officially started after Hypo Real Estate Holding (HRE), the German government-owned parent company, announced the initiation of a two-track re-privatisation strategy today. HRE has appointed Citigroup and Deutsche Bank as financial advisors … Continue reading

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GE Capital wins Deutsche Postbank’s £1.3bn Project Tower UK property loan portfolio

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GE Capital Real Estate has won the race to buy Deutsche Postbank’s circa £1.3bn pool of UK performing commercial property loans, in a deal which accelerates the ambitions of the General Electric subsidiary to rebuild a senior commercial mortgage lending … Continue reading

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Starwood Capital imminently to close £270m Heron Tower refinancing

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Heron International group and the Middle Eastern investors which own The Heron Tower in the City of London are expected to imminently close the £270m refinancing of the skyscraper with Starwood Capital, CoStar News has learned.  Starwood’s £270m five-year senior … Continue reading

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