This gallery contains 1 photo.
Lone Star has secured a £133m development finance facility from Lloyds Bank’s commercial real estate team and Wells Fargo for the Two Fifty One scheme near the Ministry of Sound nightclub in Elephant & Castle. The development facility is split … Continue reading
This gallery contains 1 photo.
Lone Star yesterday completed the £2.3bn acquisition of Aviva’s final major UK loan portfolio sale, Project Churchill, in the largest NPL trade in Europe this year. JPMorgan, which backed Oaktree in the first round and Apollo in the second round, … Continue reading
This gallery contains 1 photo.
Lone Star has directly acquired a 4.3% stake in Quintain this morning following this morning’s publication of its revised offer for all shareholders of £745m, or 141 pence per share, which lifts the private equity firm over the 75% threshold … Continue reading
This gallery contains 1 photo.
Lone Star has responded to Elliott Capital Advisors’ 11th hour intervention over its attempted takeover of Quintain, the listed London residential property developer, by increasing its overall all cash offer by £45m to £745m, increasing the offer to shareholders by … Continue reading
This gallery contains 1 photo.
Elliott Capital Advisors has thwarted Lone Star’s proposed £700m takeover of Quintain after the purchase of a 12.9% stake in the listed London residential property developer yesterday, seemingly in an 11th hour effort to either flush out a rival bidder … Continue reading
This gallery contains 1 photo.
Banca Comerciala Romana (BCR), Romania’s largest bank and part of the Erste Group, pulled the sale of the Project Neptune Romanian commercial real estate (CRE) and corporate non-performing loan portfolio (NPL) and platform this week after rejecting the final remaining … Continue reading
Lone Star has this afternoon extended its offer to shareholders of Quintain Estates and Development for a further two weeks, after the private equity firm’s offer received more than 53% approval. No other bidders have emerged to rival Lone Star’s offer, … Continue reading
This gallery contains 1 photo.
Lone Star has paid approaching £2.25bn for one of the last major UK real estate loan portfolios, Aviva’s Project Churchill, secured by more than 1,000 commercial properties nationwide, edging out Apollo Global Management. Project Churchill’s total unpaid principal balance (UPB) … Continue reading
This gallery contains 1 photo.
Lone Star’s offer for Quintain Estates and Development, valuing the listed London property investor and developer at £904m, capitalises on equity markets’ fears of near-term interest rate rises and the long-term volatility of the London residential market. The offer comprises … Continue reading
CoStar Finance 