Blackstone to acquire Cannon Bridge House through B-Loan purchase from Fortress

Blackstone is on the brink of securing a £170m purchase of Cannon Bridge House in the City of London, through the acquisition of the B-Loan underneath the securitised debt from Fortress Investment Group. Blackstone will today complete the purchase of … Continue reading →

Fortress closes purchase of Project Vermeer from Morgan Stanley

This gallery contains 1 photo.

Fortress Investment Group closed the purchase of the €1bn Project Vermeer from Morgan Stanley on Friday, CoStar News understands, comprising a 64-strong secondary quality Continental office portfolio which has suffered rising vacancy rates in the last five years. Fordgate Group, … Continue reading →

Fortress raises €176m in Gagfah share sale to help repay debt

Fortress Investment Group has raised €176m in net proceeds through the sale of 20 million new shares and treasury shares in Gagfah, with approximatley two-thirds of proceeds earmarked to paydown outstanding debt. Gagfah achieved a sale of the share stake … Continue reading →

Banks appoint Allsop as LPA receiver on Mapeley’s £115m Delta portfolio

This gallery contains 1 photo.

Mapeley, the Fortress Investment Group-owned UK real estate investor, has lost control of 25-strong Delta portfolio valued at around £115m, after the senior debt syndicate appointed Allsop as LPA receiver. Jon Gershinson has been appointed as LPA receiver at the … Continue reading →

Morgan Stanley Mortgage Servicing team shrinks as ELoC bidders line up

This gallery contains 1 photo.

Morgan Stanley has lost two further staff in its in-house European commercial real estate loan servicing team, with a decision over the long-running possible sale of the predominantly CMBS loan servicing book still seemingly hanging in the balance. Elmar Schoonbrood, … Continue reading →

Solutus appoints First Investments as LPA receiver on Mapeley’s Beta portfolio

This gallery contains 1 photo.

Mapeley, the real estate investor majority-owned by Fortress Investment Group, has lost control over a further 16 assets of its UK property empire after special servicer Solutus Advisors appointed First Investments as LPA receiver over the underwater securitised loan. Carrie … Continue reading →

Gagfah brings €1.7bn Dresden portfolio to market and closes in on €2.1bn CMBS refi

This gallery contains 1 photo.

Gagfah, Germany’s largest residential property company, is bringing to market the 43,000-strong Dresden multi-family portfolio for around €1.7bn later this quarter, while expecting to complete the refinancing of a further €2.13bn of maturing CMBS debt by the end of the … Continue reading →

RBS casts net wider to find Marriott hotel portfolio buyer

This gallery contains 1 photo.

Royal Bank of Scotland has begun widening its search for a buyer for its 42-strong Marriott hotel portfolio, with the deal by preferred bidder Blue Coast Hotels hanging in the balance, CoStar News understands. Blue Coast Hotels, the Indian hotel … Continue reading →

Natalie Howard to run £1bn AgFe senior debt fund

This gallery contains 1 photo.

AgFe, the real estate structured finance advisory firm set up by former Morgan Stanley securitisation banker Paul Rolles, has beguan capital raising for its inaugural £1bn UK senior debt fund.  AgFe, the real estate structured finance advisory firm set up … Continue reading →