Tag Archives: Lone Star

Lone Star secures £133m development loan for Two Fifty One resi-led scheme near Ministry of Sound nightclub

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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

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Lone Star completes £2.3bn Project Churchill win in largest NPL deal of the year

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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

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Lone Star declares Quintain offer unconditional, Elliott Capital to accept revised offer (updated)

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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

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Lone Star increases Quintain takeover offer to £745m to quell Elliott Capital threat

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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

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Analysis: Elliott Capital seeks to thwart Lone Star’s £700m Quintain takeover

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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

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Erste Group pulls sale of €3.6bn Project Neptune NPL platform

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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

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Lone Star’s Quintain Estates offer extended for two weeks after 53% backing

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

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Lone Star pays near £2.25bn for Project Churchill financed by Citi and Morgan Stanley

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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

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Lone Star’s Quintain strike capitalises on London resi market interest rate fears

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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

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