Tag Archives: Lone Star

Aviva selects three finalists to compete for £2.7bn Project Churchill UK loan portfolio

This gallery contains 1 photo.

Aviva has narrowed the search for a buyer for its final clean up trade of legacy UK commercial property loans in the £2.7bn Project Churchill portfolio, secured by just over 1,000 UK commercial properties, to three US private equity firms. … 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

Blackstone and Deutsche Bank-fronted consortiums compete with Lone Star on €3.6bn Project Neptune

This gallery contains 1 photo.

Banca Comerciala Romana (BCR), Romania’s largest bank and part of the Erste Group, has selected two consortiums and one solo private equity investor to progress to the second round the largest-ever Romanian commercial real estate and corporate non-performing loan portfolio. … Continue reading

Gallery | Tagged , , , , | Leave a comment

Helaba ponders whether to progress sale or withdrawal of Project Aurora NPL

This gallery contains 1 photo.

Helaba is expected to make a decision this week on whether to pursue the sale of the circa €450m Project Aurora non-performing loan portfolio after the second round pricing came in significantly below the bank’s expectations, CoStar News understands. Project … Continue reading

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

JPMorgan and Lone Star win Commerzbank’s pan-Euro loan portfolio as Oaktree wins German NPL

This gallery contains 1 photo.

JPMorgan and Lone Star have been selected as the preferred bidders for Commerzbank’s €2.2bn pan-European commercial real estate (CRE) loan portfolio while Oaktree Capital Management has been selected as for the circa €700m German NPL. Cerberus Capital Management, Colony Capital and … Continue reading

Gallery | Tagged , , , , | Leave a comment

Lone Star buys c.€185m CEE Aviva portfolio with €120m PBB and UniCredit loan

This gallery contains 1 photo.

Lone Star has acquired a 10-strong pan-European mixed-use real estate portfolio for around €185m from Aviva Investors, financed with a €120m loan from Deutsche Pfandbriefbank (PBB) and UniCredit Bank Austria AG. PBB and Unicredit took a 50:50 participation in the … Continue reading

Gallery | Tagged , , , | Leave a comment

Morgan Stanley finances Starwood Property Trust’s €350m Dublin office portfolio

This gallery contains 1 photo.

Morgan Stanley has been selected to finance Starwood Property Trust’s (STWD) maiden equity investment in Dublin, a four-strong office portfolio acquired from Lone Star, with a five-year senior loan of up to €245m. CoStar News understands that the final agreement … Continue reading

Gallery | Tagged , , , | Leave a comment

Starwood’s mortgage REIT acquires Lone Star’s Dublin office pool in €350m debut Irish equity investment

This gallery contains 1 photo.

Starwood Property Trust (STWD), the $6.8bn US mortgage REIT, has acquired a portfolio of stabilised offices in Dublin from Lone Star for €350m, in the firm’s first equity investment in Ireland and also the first by a major US REIT … Continue reading

Gallery | Tagged , , , | Leave a comment

Lone Star closes £1bn Moorfield ‘Project Laser’ portfolio financed by £593m RBC and Wells Fargo loan

This gallery contains 1 photo.

Lone Star has completed the acquisition of a portfolio of mixed-use UK secondary properties from Moorfield’s first maturing two private equity funds for just under £1bn, financed with a £593m whole loan from RBC Capital Markets and Wells Fargo. RBC and … Continue reading

Gallery | Tagged , , , , | Leave a comment