Tag Archives: NAMA

H.I.G. Capital recruits former Cheyne Capital and NAMA executive Graham Emmett

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H.I.G. Capital, a leading global private equity investment firm with €17bn of equity capital under management, has recruited Graham Emmett as managing director in its real estate team based in the London office. He will lead H.I.G. Capital’s real estate … Continue reading

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Cerberus beats Apollo to win Project Arrow for around €800m

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Cerberus Capital Management has won the last major NAMA non-performing loan portfolio of the year, Project Arrow, believed to be paying around €800m for the pool of Irish real estate loans. NAMA confirmed Cerberus’ selection as the preferred bidder today … Continue reading

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Difficulties ahead for execution of Project Jewel loan-to-own strategy

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BAML’s equity research team has highlighted concerns over Hammerson and Allianz Real Estate’s certainty of execution in converting the planned €1.85bn Project Jewel loan portfolio into direct property ownership. NAMA selected Hammerson and Allianz as preferred bidders after the investors … Continue reading

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NAMA defends Project Eagle sale process at PAC hearing

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NAMA chairman Frank Daly defended claims this morning by Sinn Féin’s Mary Lou McDonald at the Irish Parliament’s Public Accounts Committee (PAC) that the sale process of the Project Eagle Northern Ireland loan portfolio was corrupted and lacked competitive tension. … Continue reading

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NAMA awards Hammerson and Allianz exclusivity on Project Jewel (updated)

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Hammerson and Allianz Real Estate last night signed exclusivity to acquire the Project Jewel loan portfolio from NAMA for €1.85bn, anchored by Ireland’s largest shopping centre, the 1.5m sq ft Dundrum Town Centre. The 50:50 joint venture partners’ €1.85bn price … Continue reading

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NAMA receives three binding bids for Dundrum shopping centre last night

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NAMA received binding bids last night from the reduced three finalists for €2.4bn Project Jewel loan portfolio, which includes the bad bank’s centerpiece commercial property – the 1.3m sq ft Dundrum Town Centre. CoStar News has learned that the original … Continue reading

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Goldman Sachs and CarVal Investors withdraw from €7.2bn Project Arrow race

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Goldman Sachs and CarVal Investors have pulled out of the race to acquire NAMA’s granular Project Arrow non-performing loan portfolio, which is secured by around 2,400 properties predominantly throughout Ireland, CoStar News has learned. The reason for Goldman and CarVal’s … Continue reading

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NAMA launches sale of €115m Hazel provincial Irish retail portfolio

NAMA has launched the sale of a provincial shopping centre and two retail parks, formerly owned by separate investors and developers, dubbed the Hazel portfolio, and is seeking offers in excess of €115m. The Hazel portfolio is split in terms … Continue reading

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NAMA narrows €7.2bn Project Arrow search to three

NAMA has narrowed the field to three finalists for the €7.2bn Project Arrow non-performing loan portfolio, in a trade expected to price below €1bn. CarVal Investors and Goldman Sachs are again jointly in the final stage of an Irish NPL … Continue reading

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