Tag Archives: Gagfah

Gagfah prepares for next €700m-sized CMBS to tackle 2014 loan maturities

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Gagfah has confirmed its intention launch its third German multi-family CMBS within 12 months refinancing three existing separate CMBS loans in one circa five-year €700m new transaction before next April. The likely new issuance – yet to be determined as … Continue reading

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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

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Gagfah’s €2bn German multi-family agency CMBS to price on Thursday

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Gagfah’s €2bn German Residential Funding 2013-1 CMBS, secured by a 61,613-strong multi-family residential portfolio, will price and close on Thursday, in an agency-style securitisation three times as large as initially planned. Goldman Sachs International is the sole structuring agent, while … Continue reading

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BAML issues €1.07bn Taurus 2013 GMF 1 on Gagfah’s Woba portfolio

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Bank of America Merrill Lynch issued the five-tranche €1.07bn Taurus 2013 GMF 1 CMBS on Friday afternoon, secured by Gagfah’s 46,151-strong Dresden multi-family-focused “Woba” portfolio, in the first new issuance European CMBS of the year. BAML’s return new issuance has been … Continue reading

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AIG and Goldman Sachs head five-lender Gagfah €2bn refinancing

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AIG and Goldman Sachs head a five-strong club of lenders alongside three German pfandbrief banks to refinance more than €1bn of Gagfah’s maturing €2.06bn securitised debt, CoStar News understands, as part of a wider refinancing strategy to diversify the sources … Continue reading

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Gagfah confirms €1bn refi as BAML eyes CMBS exit

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Gagfah, Germany’s second-largest property company by market value, has confirmed this afternoon plans to scrap the sale of its €1.7bn-valued Woba German multi-family portfolio, and seek a €1bn five-year debt refinancing. While Gagfah has not confirmed the identify of the … Continue reading

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Part I: A definitive guide to Europe’s largest 2013 CMBS loan maturities

This is Europe’s biggest year yet for CMBS loan maturities with the endgame in sight for many of the largest securitisations issued on this side of the Atlantic. CoStar News reviews the 10 biggest and explores the likely outcomes. By … Continue reading

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Gagfah eyes circa €625m German multi-family CMBS in 2013

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Gagfah, the Germany listed residential property company, has confirmed today that it is contemplating bringing to market a circa €625m five-year term CMBS next year secured by German multi-family properties, as part of a wider series of strategies to refinance … Continue reading

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German multi-family portfolio trades surpasses five-year high

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Germany’s multi-family portfolio trades have surpassed the previous two years combined and the largest in more than five years with €7.78bn traded in the first nine months of the year, according to Savills, in a trend first identified by CoStar … Continue reading

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