Tag Archives: Lehman Brothers

UBS fund sells DoLy to ADIA for €672m at a near 10% discount

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Abu Dhabi Investment Authority (ADIA) has completed the acquisition of Docks Lyonnais S.A. (DoLy), the former French REIT owned by a UBS Wealth Management fund, for €672m, in a deal which closed last Thursday, CoStar News can reveal. The sale … Continue reading

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Former Lehman Brothers chief Richard Story raises £200m for resi development finance

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Henley Investments, the boutique real estate private equity firm, has raised £200m from a string of institutional investors to provide UK residential development finance. Henley Property Finance (HPF), which former head of equity finance and prime brokerage at Lehman Story … Continue reading

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Part I: A definitive guide to Europe’s largest 2013 CMBS loan maturities

This is Europe’s biggest year yet for CMBS loan maturities with the endgame in sight for many of the largest securitisations issued on this side of the Atlantic. CoStar News reviews the 10 biggest and explores the likely outcomes. By … Continue reading

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Hatfield Philips fights back to keep Windermere XIV CMBS mandate

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Hatfield Philips International (HPI) has put forward a vigorous defence of its servicing record on the legacy Lehman Brothers Windermere XIV CMBS in an effort to block Lone Star’s bid to oust it from the servicing mandate on the remaining … Continue reading

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D-day looms for Lone Star’s efforts to oust Hatfield Philips on Windermere XIV

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Lone Star’s efforts to oust Hatfield Philips as the master servicer on all the loans in the pan-European Lehman Brothers CMBS, Windermere XIV, will be determined this Friday, in a battle for control which exemplifies legacy European structured finance at … Continue reading

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JLL and Eastdil bring Lehman securitised 90 Long Acre to market for £170m

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Jones Lang LaSalle and Eastdil Secured have been appointed to sell 90 Long Acre in Covent Garden for an expected £170m, which will likely prompt the early repayment of the £123m outstanding debt ahead of its maturity in just over … Continue reading

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Redefine secures 80% of £127.5m rights issue as Gamma CMBS restructuring still lingers

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Redefine International has finally launched its long-trailed rights issue this morning seeking to raise £127.5m, the net proceeds of which will reduce the debt while £57.4m is earmarked for opportunistic investments in London hotels sector and the German discount retail … Continue reading

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PIMCO buys legacy Lehman debt from Bundesbank

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PIMCO, the global investment manager, has won the private debt auction to acquire a legacy Lehman Brothers commercial debt portfolio from Deutsche Bundesbank, Germany’s central bank. The Bundesbank sold the nominally-valued €238.78m Portfolio Green CMBS portfolio to PIMCO in a … Continue reading

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French Court to determine Coeur Défense fate in October

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France’s Court of Appeal of Versailles is expected to finally determine the fate of the 1.9m sq ft Coeur Défense Paris office complex in October through a Judge ruling. Coeur Défense has been the centre of a protracted and nebulous … Continue reading

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