Tag Archives: Gemini

Colony to close Gemini with £180m BAML loan as legacy valuation legal ruling looms

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Colony Capital will close the £311m purchase of the remaining 24-strong Gemini portfolio next week, financed with a five-year £180m senior loan by Bank of America Merrill Lynch (BAML). CoStar News understands that the five-year loan will be priced just … Continue reading

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Colony Capital completes £311m all cash Gemini swoop after Värde Partners’ exclusivity period expires

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Colony Capital exchanged contracts on Friday night to acquire the remaining Gemini UK commercial property portfolio for £311m, after Värde Partners’ exclusivity period expired 10 days ago, CoStar News has learned. Colony, in partnership with asset manager Quidnet Capital Partners, … Continue reading

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Opportunistic investors circle over £300m Gemini carcass

At least half a dozen investors are preparing bids for the remaining Gemini UK-wide mixed-use commercial property portfolio, formerly owned by Glenn Maud’s Propinvest. CoStar News understands Tristan Capital Partners, Westbrook Partners, Värde Partners, Goldman Sachs and Colony Capital are … Continue reading

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Valad Europe’s Gemini asset management mandate begins

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Valad Europe, the asset manager majority-owned by Blackstone, has been awarded the property asset management contract to run the majority of the 35-strong Gemini portfolio, formerly owned by Glenn Maud’s Propinvest. CoStar News first revealed Valad’s appointment back in September and … Continue reading

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