Tag Archives: Eurohypo

JPMorgan and Lone Star win Commerzbank’s pan-Euro loan portfolio as Oaktree wins German NPL

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JPMorgan and Lone Star have been selected as the preferred bidders for Commerzbank’s €2.2bn pan-European commercial real estate (CRE) loan portfolio while Oaktree Capital Management has been selected as for the circa €700m German NPL. Cerberus Capital Management, Colony Capital and … Continue reading

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Commerzbank considers two ‘Eurohypo’ loan portfolio sales in New Year with up to €3.8bn in legacy loans

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Commerzbank is considering the sale of two further major European commercial real estate (CRE) loan portfolios in the New Year with a combined unpaid value of almost €4bn, CoStar News understands, in what is expected to be a bumper year … Continue reading

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Lone Star’s Project Acorn workout continues with £215m Ocean portfolio sell-off

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Hudson Advisors has instructed DTZ to sell half of the Brightsea portfolio, formerly owned by F&C REIT Asset Management, in the third major disposal from the Project Acorn legacy Eurohypo non-performing loan portfolio acquired by Lone Star in July last … Continue reading

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Commerzbank confirms closure of Project Octopus trades to JPMorgan and Lone Star

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Commerzbank has this lunchtime confirmed the closure of the sale of the former Eurohypo Spanish commercial property lending business, known as Project Octopus, with €4.4bn in combined Spanish and Portuguese loans trading in separate tranches to JPMorgan and Lone Star. … Continue reading

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JPMorgan and Lone Star carve up Project Octopus as Davidson Kempner wins RBS’ Project Button tranche

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JPMorgan and Lone Star have won the Spanish commercial property loan book from the formerly-named Eurohypo, acquiring a broadly equal share of the nominal €4.4bn book with diverging investment strategies set to follow. Project Octopus is comprised of two almost … Continue reading

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Commerzbank narrows to final four on Project Octopus sale

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Commerzbank has selected four joint venture consortiums to progress through to the second round of the sales process of the Spanish commercial property lending platform, codenamed Project Octopus, from its formerly-named Eurohypo subsidiary. CoStar News understands that the following four consortiums through to … Continue reading

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Commerzbank’s €4.4bn Project Octopus draws substantial first round interest

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Lazards is poring over a raft of first round single and joint venture bids for Project Octopus, the codename for Commerzbank’s sale of its legacy €4.4bn Eurohypo Spanish commercial property lending business. CoStar News has learned that five joint venture … Continue reading

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Inside Commerzbank’s €4.4bn ‘Project Octopus’ Eurohypo Spanish lending platform sale

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Three joint ventures planning to bid on the tranched sale of Commerzbank’s Spanish commercial property lending business have emerged three weeks ahead of first round indicative offers for the €4.4bn loan book and platform in the process dubbed Project Octopus.  … Continue reading

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Commerzbank’s €5bn Eurohypo Spanish loan book sell-off begins next month

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Commerzbank’s sale of the legacy €5bn Eurohypo Spanish commercial property loan book begins in earnest next month, within which time appointed advisors Lazards is expected to sign up interested bidders to non-disclosure agreements, CoStar News understands. The start of the … Continue reading

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