Tag Archives: Goldman Sachs

M7 Real Estate under offer on Goldman’s Omega portfolio for £128m

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M7 Real Estate is under offer to acquire Goldman Sachs’ 26-strong Omega portfolio for circa £128m, beating off competition including Ares Management and InfraRed Capital Partners. The sale price reflects a circa 9.2% net initial yield. The Omega portfolio, comprised … Continue reading

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Goldman Sachs and CarVal Investors withdraw from €7.2bn Project Arrow race

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Goldman Sachs and CarVal Investors have pulled out of the race to acquire NAMA’s granular Project Arrow non-performing loan portfolio, which is secured by around 2,400 properties predominantly throughout Ireland, CoStar News has learned. The reason for Goldman and CarVal’s … Continue reading

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Goldman Sachs closes Reitaly Finance CMBS through discounted bond sell down

Goldman Sachs priced the delayed and partly restructured securitisation of a €181.95m loan to Apollo Global Management on Friday through the sale of five of the six noteholder classes at a discount to par. Reitaly Finance CMBS, which is secured … Continue reading

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Goldman Sachs, CarVal Investors and BoI win Lloyds’ Project Poseidon for €1.2bn

Goldman Sachs, CarVal Investors and Bank of Ireland have shared the spoils of Lloyds Banking Group’s final Irish commercial property loan portfolio, paying £827m (€1.18bn) for Project Poseidon, virtually completing the bank’s withdrawal from Irish commercial property lending. Lloyds said in a … Continue reading

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Goldman Sachs launches £646m Logicor UK CMBS for Blackstone (updated)

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Goldman Sachs has launched the securitisation of a £680m senior loan to Logicor, Blackstone’s European logistics platform, which is secured by a 42-strong industrial property portfolio throughout the UK. The transaction, dubbed Logistics UK 2015 plc, has six tranches, the … Continue reading

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DB and Apollo secure CRE tranche of Ulster Bank’s Project Finn for £400m as same finalists prepare binding Lloyds’ Poisedon bids (Updated)

Royal Bank of Scotland has sold the largest tranche of the circa €2.6bn Project Finn non-performing Irish real estate loans from its Ulster Bank subsidiary to a joint venture comprised of Deutsche Bank and Apollo Global Management for £400m. CoStar News understands that … 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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Goldman Sachs and CarVal Investors win last major IBRC loan portfolio

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IBRC has sold the bulk of Project Quartz, a predominantly Irish commercial real estate loan portfolio, to a joint venture of Goldman Sachs special situations fund and CarVal Investors, CoStar News understands.   The nominal-value of Project Quartz, one of … Continue reading

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Lone Star wins largest Project Achill tranche – two additional winners and two loans still in the balance

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Lone Star has won the largest tranche of Ulster Bank’s Project Achill, Pool A, in one of four of the six tranches committed to winning bidders, while the rest of the non-performing loan portfolio remains in the balance. The final … Continue reading

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