Tag Archives: Hypothekenbank Frankfurt

JPMorgan and Lone Star carve up Project Octopus as Davidson Kempner wins RBS’ Project Button tranche

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JPMorgan and Lone Star have won the Spanish commercial property loan book from the formerly-named Eurohypo, acquiring a broadly equal share of the nominal €4.4bn book with diverging investment strategies set to follow. Project Octopus is comprised of two almost … Continue reading

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Situs wins loan servicing mandate for former Eurohypo’s $2bn US property loan book

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Situs, the global commercial real estate advisory, asset management and loan servicing firm, has been appointed to loan service and asset manage the former Eurohypo’s $2bn US property loan book. Hypothekenbank Frankfurt AG, formerly the Commerzbank subsidiary, has selected Situs … Continue reading

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Battle for Castle Market: Kennedy Wilson/Värde win after loan enforced

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Kennedy Wilson and Värde Partners are at finally set to win the fiercely-contested 16-strong Castle Market Dublin office portfolio, after special servicer Hypothekenbank Frankfurt began loan enforcement proceedings this afternoon ahead of a sale to the original joint venture bidders, … Continue reading

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Battle for Castle Market: KW’s bid fails to secure bondholder approval

Kennedy Wilson and Värde Partners bid to secure bondholder approval to acquire the 16-strong Castle Market portfolio failed this morning, triggering the prospect of either the appointment of Ernst & Young as receivers, the beginning of negotiations with rival bidder … Continue reading

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Morgan Stanley backs Northwood’s CMH bid in CMBS bond buyout offer

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Morgan Stanley yesterday bolstered Northwood Investors’ 11th-hour bid to prize the former Treasury Holdings’ 16-strong Castle Market Dublin office portfolio from Kennedy Wilson and Varde Partners’ grasp by offering to buyout all Opera Finance (CMH) CMBS class A and B notes … Continue reading

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Apollo-Rida secures €650m six-bank senior and €55m ADIA-led junior ticket

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Apollo-Rida, a joint venture between AREA Property Partners and Rida Development Corporation, and AXA Real Estate Investment Managers (REIM) have refinanced their joint venture 28-strong shopping centre, retail park and hypermarket portfolio in Poland with €650m in senior debt from … Continue reading

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Eurohypo UK loan book sale: chronology of an unlikely £4bn trade

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Commerzbank is targeting an end of the second quarter closing for the sale of the £4bn UK Eurohypo commercial property loan book to Wells Fargo and Lone Star, accelerating the permanent senior debt lending retreat of Germany’s second largest bank. … Continue reading

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Commerzbank eyes “opportunistic portfolio disposals” at Hypothekenbank Frankfurt

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Commerzbank’s Hypothekenbank Frankfurt continues to eye “opportunistic portfolio disposals” as part of its wider plans to halve its €54bn European commercial property loan book in the next four years, the bad bank subsidiary stated this morning in its annual results. … Continue reading

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Wells Fargo and Lone Star vie with Starwood for Eurohypo’s €5bn UK loan book

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Wells Fargo has teamed up with Lone Star to compete against Starwood Capital to acquire Eurohypo’s circa €5.2bn UK real estate loan book from Commerzbank, CoStar News understands. The two prospective buyers are understood to be frontrunners in a sales … Continue reading

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