Tag Archives: Morgan Stanley

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 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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Starwood confirms enlarged €452.5m Dublin office portfolio purchase

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Starwood Property Trust (STWD) has filed paperwork with the SEC to offer up to $13.8m worth of common stock to partly finance the REIT’s equity investment in an enlarged maiden entrance into the Dublin predominantly office portfolio for €452.5m. CoStar … Continue reading

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

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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

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Morgan Stanley carves up Mall Fund debt and sells £197m as ELoC 30 Zephyrus

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Morgan Stanley has carved up the fixed rate tranche of the £380m senior loan secured by Capital & Regional’s six-strong UK Mall Fund and sold on the tranche as an unrated commercial mortgage-backed bond to a single major investor. The … Continue reading

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NAB receives trio of offers on off-market £1bn Project Henrico loan portfolio

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National Australia Bank (NAB) has received bids for the off-market sale of approximately half of the listed Australian bank’s remaining UK commercial real estate (CRE) loan book from the three finalists from its maiden UK loan portfolio sale process. CoStar … Continue reading

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Analysts predict up to €8bn in CMBS issuance levels next year after slow 2014

Primary issuance of new European CMBS transaction is forecast to more than double on 2014’s disappointing €3.5bn in annual volumes, although the annual forecasts so far published fall short of 2013’s revival year. CoStar News has collated four annual European … Continue reading

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National Australia Bank confirms disposal of Project Chestnut to Cerberus

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National Australia Bank (NAB) has this morning confirmed the disposal of £625m of UK non-performing commercial real estate loans to Cerberus Capital Management. Confirming CoStar News’ exclusive from Thursday evening, NAB reported to the Australian Stock Exchange that the loan … Continue reading

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Four Project Chestnut finalists prepare to submit bids on Friday week

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National Australia Bank (NAB) has selected four finalists to progress to second and final bids for its debut UK non-performing loan portfolio, the £674m Project Chestnut, which are due Friday week. CoStar News understands that the four-strong finalists are comprised of … Continue reading

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