Tag Archives: Deutsche Bank

Deutsche Bank wins NAMA’s Project Arch for €164m

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Deutsche Bank has won NAMA’s €608m Project Arch non-performing loan portfolio paying €164m, CoStar News has learned. The price suggests a discount of 73% based on the original principal balance. NAMA has completed a busy week after defining a final … 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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Deutsche Bank readies pan-European €316m DECO Charlemagne CMBS

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Deutsche Bank is preparing its next pan-European multi-borrower CMBS, the €316m DECO 2015 Charlemagne transaction, which is the securitisation of three loans which are secured by an aggregate 37-strong predominantly office and light industrial commercial property portfolio. The capital structure … Continue reading

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NAMA selects three €608m Project Arch finalists as €7.2bn Project Arrow formally launches

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NAMA has selected three finalists to progress to the final stage for the acquisition of its third multi-borrower non-performing loan (NPL) portfolio, the €608m Project Arch pool, as the bad bank’s largest-ever nominal NPL, the €7.2bn Project Arrow, is officially … 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 Bank wins NAMA’s Project Maeve paying €97m for Gerry Barrett’s loan portfolio

Deutsche Bank has been selected as the preferred bidder for NAMA’s €785m Project Maeve, paying around €97m for property developer Gerry Barrett’s loan portfolio, CoStar News has learned. Pricing reflects approximately 12 cents in the euro or an 88% discount … 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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Charles Blackburn quits Deutsche Bank for Oaktree Capital Management

Charles Blackburn, head of Deutsche Bank’s EMEA commercial real estate special situations group, has quit the investment bank after nearly 10 years as is expected to join Oaktree Capital Management later in the summer, CoStar News has learned. Blackburn is … Continue reading

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Europe kick-starts CRE syndication league tables in transparency drive, full 2014 figures revealed

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Recorded secured commercial real estate (CRE) syndicated lending in Europe, the Middle East and Africa (EMEA) reached €28.9bn in 2014, in the inaugural attempt to measure market volumes on a consistent basis with broader global bank syndication markets. ING Syndicated … Continue reading

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