Tag Archives: JP Morgan

NAMA weighs up indicative bids for the ‘jewel’ in its crown

This gallery contains 1 photo.

NAMA is expected to finalise the shortlist to acquire the loan portfolio which includes the 1.3m sq ft Dundrum Town Centre within the next 48 hours, in one of the bad bank’s most eagerly-awaited sales processes. Investors spanning sovereign wealth … Continue reading

Gallery | Tagged , , , , , , | Leave a comment

Deutsche Pfandbriefbank shrugs off Greece macro concerns to begin share placing

This gallery contains 1 photo.

The Federal Agency for Financial Market Stabilisation (FMSA), the owner of Hypo Real Estate Holding AG (HRE), which itself owns Deutsche Pfandbriefbank (PBB), has shaken off concerns around investor sentiment related to the ongoing Greece crisis to press ahead with … Continue reading

Gallery | Tagged , , , , , , , | Leave a comment

Commerzbank closes sale of €2.9bn CRE loan portfolios and prepares further loan sales

This gallery contains 1 photo.

Commerzbank has this morning confirmed the sale of its majority performing €2.2bn pan-European commercial real estate (CRE) loans portfolio to JP Morgan and Lone Star as well as trading its €700m German NPL to Oaktree Capital Management. CoStar News revealed … Continue reading

Gallery | Tagged , , , , | Leave a comment

KWERE closes £225m three-bank RCF and considers further refinancing options

This gallery contains 1 photo.

Kennedy Wilson Europe Real Estate (KWERE) has signed its maiden revolving credit facility (RCF) with Bank of America Merrill Lynch (BAML), Deutsche Bank and JP Morgan for £225m over three years and is considering two additional portfolio refinancings. BAML acted … Continue reading

Gallery | Tagged , , , | Leave a comment

EAA calls for initial expressions of interest for €11bn WestImmo bank by tomorrow night

This gallery contains 1 photo.

Erste Abwicklungsanstalt (EAA), the German bad bank established five years ago, has called for initial expressions of interest by tomorrow afternoon to acquire Westdeutsche Immobilien, the pfandbrief-funded European commercial property lending bank. WestImmo had an overall €13.8bn predominantly performing commercial … Continue reading

Gallery | Tagged , , , | Leave a comment

Deutsche Bank’s JP Morgan-backed €406.1m Monnet Finance CMBS closing today

This gallery contains 1 photo.

Deutsche Bank will price and close the privately placed €406.1m Monnet Finance Limited agency-style CMBS by the end of the day, taking the annual tally of European CMBS closures this year to almost €5.5bn. CoStar News revealed on Friday that … Continue reading

Gallery | Tagged , , | Leave a comment

JPMorgan takes up to 90% of Deutsche Bank’s agency €406.1m Monnet Finance CMBS

This gallery contains 1 photo.

Deutsche Bank is expected to imminently close the €406.1m Monnet Finance Limited agency-style CMBS, with JP Morgan expected to take up to 90% of the new German multi-family secured issuance, CoStar News understands. Monnet Finance Limited is a re-securitisation of … Continue reading

Gallery | Tagged , , , , , | Leave a comment

Situs hires JP Morgan’s Chip Good as expansion trajectory continues

This gallery contains 1 photo.

Situs has recruited JP Morgan executive director Chip Good as director of special servicing, as the real estate loan servicer and advisory firm seeks to further deepen its footprint on both fronts throughout Europe. Good move to Situs brings to … Continue reading

Gallery | Tagged , , , , | Leave a comment

Revived ‘mini’ Annington IPO enables GRAND CMBS repayment timeline

This gallery contains 1 photo.

Terra Firma revived plans to list a slimmed down stake in Deutsche Annington this morning, pitching the mini IPO at a downscaled price target and share offering which raises the required €400m floor gross proceeds, on which the drawdown of … Continue reading

Gallery | Tagged , , , , | Leave a comment