Tag Archives: Cushman & Wakefield

Cerberus beats Apollo to win Project Arrow for around €800m

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Cerberus Capital Management has won the last major NAMA non-performing loan portfolio of the year, Project Arrow, believed to be paying around €800m for the pool of Irish real estate loans. NAMA confirmed Cerberus’ selection as the preferred bidder today … Continue reading

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German open-ended funds must complete €10bn property sell-off by 2017

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German open-ended funds (GOEFs), which collectively own €82bn of property assets worldwide, must sell almost €10bn of European commercial property before the end of 2017, driven by the financial crisis which has forced 18 funds to liquidate. On the basis … Continue reading

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Solutus to begin Beta portfolio sale process after C&W’s £191.4m new valuation

Solutus Advisors will begin marketing the 16-stong Beta UK regional property portfolio, which includes Reading’s Microsoft Campus, this summer after a new Cushman & Wakefield valuation reveals a 42.5% value increase to £191.4m, the special servicer will announce shortly. Solutus … Continue reading

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ECB’s €1.1trn QE programme will trigger ‘second order’ effects for European CRE

The European Central Bank’s larger-than-anticipated €1.1 trillion bond-building programme over the next 18 months will trigger second order effects in Europe’s commercial property debt and equity markets. ECB president Mario Draghi’s announcement yesterday surprised the market on the scale of … Continue reading

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Inside Netherlands’ €4.8bn bad bank Propertize

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The State of Netherlands has completed the nationalisation of SNS REAAL’s troubled property finance division, transferring €4.8bn in predominantly Netherlands commercial real estate investment and development loans to a newly-established bad bank, named Propertize. Propertize – a somewhat clichéd verb … Continue reading

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