Tag Archives: Glenn Maud

Värde Partners wins bulk of Glenn Maud’s former Gemini portfolio for above £305m

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Värde Partners has won the remaining 24-strong Gemini UK commercial property portfolio, formerly owned by Glenn Maud’s Propinvest, for above £305m, CoStar News has learned. The sale price reflects a sub 9% net initial yield and reflects around a 10% … 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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RBS sells Citi Tower £140m mezzanine loan to Orchid Capital

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Royal Bank of Scotland has sold an out-of-the-money circa £140m mezzanine loan secured by Glenn Maud’s Citi Tower in Canary Wharf to Orchid Capital, an Australian and German listed equity investor, for a nominal fee, CoStar News has learned. Orchid … Continue reading

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VALAD set to be appointed asset manager on Propinvest Gemini portfolio

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VALAD Europe, the asset manager majority-owned by Blackstone, is set to be appointed as asset manager on Propinvest’s 35-strong Gemini portfolio on a long-term workout, CoStar News can reveal. CBRE Loan Servicing, the special servicer on the heavily-defaulted Gemini CMBS, is expected … Continue reading

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Grant Thornton seeks to freeze Maud’s Propinvest property empire

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Grant Thornton applied for a freezing order over Propinvest Group Limited and its subsidiary companies on Monday on behalf of creditors DNB Bank AS and Bank of Scotland, in an effort to wrest control of Glenn Maud’s property empire, CoStar … Continue reading

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