DB issues €175m HARP CMBS backed by Kennedy Wilson, Comer Group and Paddy McKillen & Johnny Ronan multi-family

Deutsche Bank has issued the seven-year €174.98m Irish commercial mortgage-backed securitisation, secured by predominantly Dublin multi-family residential assets owned by Kennedy Wilson, the Comer Group and Paddy McKillen and Johnny Ronan. The new issuance, named DECO 2015-HARP, is the first CMBS in … Continue reading →

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 →

Finalists emerge on RBS’s reduced Project Button as NAMA buys Dundrum position to unite legacy debt

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RBS has selected three finalists to progress to the second round on the reduced Irish and UK commercial property loan portfolio, dubbed Project Button, as part of the bank’s accelerated de-leveraging programme for its Ulster bank subsidiary. CoStar News understands … Continue reading →

Green REIT and PIMCO set to close Central Park buy sparking €150m financing mandate

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Green REIT has confirmed it has exchanged contracts to acquire Central Park for €311.5m in a joint 50:50 venture with PIMCO, sparking a €150m senior financing mandate on the six-strong office complex next month. PIMCO is to provide a circa … Continue reading →

Kennedy Wilson launches UK IPO targeting £750m

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Kennedy Wilson has launched an initial public offering (IPO) to raise an additional £65m to supplement £685m already secured from 12 cornerstone investors for the a newly-incorporated closed-ended collective investment fund. Binding commitments from the following investors has been secured: … Continue reading →

Green REIT confirms €311.5m Central Park price for consortium’s acquisition

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Green REIT has confirmed the €311.5m purchase price of the soon-to-close Central Park acquisition from NAMA and approximate terms of the breakdown of the deal with joint venture partner and financier, PIMCO, and Kennedy Wilson. In the Irish REITs interim results published this … Continue reading →

Green REIT and Kennedy Wilson edge out Blackstone to win NAMA’s Central Park for c.€310m

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Green REIT and Kennedy Wilson have edged out Blackstone to win the fiercely-competitive bidding process for NAMA’s Central Park paying just over €310m for the coveted business park south of Dublin city centre, CoStar News can reveal. Green REIT will … Continue reading →

Battle for Dublin’s Central Park: five-strong finalists emerge

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NAMA has selected a five-strong shortlist to progress through to the second and final round for Dublin’s coveted Central Park business park, multi-family and development portfolio with a pricing spread of €14.5m on first round bids. CoStar News can reveal the … Continue reading →