Tag Archives: Dundrum Town Centre

Difficulties ahead for execution of Project Jewel loan-to-own strategy

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BAML’s equity research team has highlighted concerns over Hammerson and Allianz Real Estate’s certainty of execution in converting the planned €1.85bn Project Jewel loan portfolio into direct property ownership. NAMA selected Hammerson and Allianz as preferred bidders after the investors … Continue reading

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NAMA awards Hammerson and Allianz exclusivity on Project Jewel (updated)

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Hammerson and Allianz Real Estate last night signed exclusivity to acquire the Project Jewel loan portfolio from NAMA for €1.85bn, anchored by Ireland’s largest shopping centre, the 1.5m sq ft Dundrum Town Centre. The 50:50 joint venture partners’ €1.85bn price … Continue reading

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NAMA receives three binding bids for Dundrum shopping centre last night

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NAMA received binding bids last night from the reduced three finalists for €2.4bn Project Jewel loan portfolio, which includes the bad bank’s centerpiece commercial property – the 1.3m sq ft Dundrum Town Centre. CoStar News has learned that the original … Continue reading

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Battle for Dundrum Town Centre narrows to five

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NAMA has selected a five-strong shortlist for its €2.4bn Project Jewel loan portfolio, as the battle for the 1.3m sq ft Dundrum Town Centre narrows to five. Allianz Real Estate, Hines, Hammerson, Davidson Kempner and Colony Capital are all believed … Continue reading

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NAMA weighs up indicative bids for the ‘jewel’ in its crown

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NAMA is expected to finalise the shortlist to acquire the loan portfolio which includes the 1.3m sq ft Dundrum Town Centre within the next 48 hours, in one of the bad bank’s most eagerly-awaited sales processes. Investors spanning sovereign wealth … Continue reading

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Data room for NAMA’s €2.4bn Project Jewel to open in three weeks

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NAMA’s Project Jewel loan portfolio, including the bad bank’s marquee Irish asset the 1.3m sq ft Dundrum Town Centre, will be launched in just over two weeks with a completed data room scheduled for the third week of June. Project … Continue reading

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NAMA readies Dundrum-backed Project Jewel loan portfolio as Deutsche Bank wins Project Boyne

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NAMA has begun the process to sell Ireland’s most globally recognised real estate asset, the 1.34m sq ft Dundrum Town Centre, through a loan portfolio which pools together two much smaller malls in the eagerly-anticipated Project Jewel loan portfolio sale. … Continue reading

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