Tag Archives: Northwood Investors

Battle for Dublin’s Central Park: Irish REITs each submit JV offers as bidders emerge

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Ireland’s two new REITs, Green and Hibernia, headline the list bidding for Dublin’s sprawling Central Park office, multi-family and development complex with separate joint venture partners after more than half a dozen investors submitted first round bids today. Green REIT … Continue reading

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Battle for Castle Market: Kennedy Wilson/Värde win after loan enforced

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Kennedy Wilson and Värde Partners are at finally set to win the fiercely-contested 16-strong Castle Market Dublin office portfolio, after special servicer Hypothekenbank Frankfurt began loan enforcement proceedings this afternoon ahead of a sale to the original joint venture bidders, … Continue reading

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Battle for Castle Market: KW’s bid fails to secure bondholder approval

Kennedy Wilson and Värde Partners bid to secure bondholder approval to acquire the 16-strong Castle Market portfolio failed this morning, triggering the prospect of either the appointment of Ernst & Young as receivers, the beginning of negotiations with rival bidder … Continue reading

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Morgan Stanley backs Northwood’s CMH bid in CMBS bond buyout offer

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Morgan Stanley yesterday bolstered Northwood Investors’ 11th-hour bid to prize the former Treasury Holdings’ 16-strong Castle Market Dublin office portfolio from Kennedy Wilson and Varde Partners’ grasp by offering to buyout all Opera Finance (CMH) CMBS class A and B notes … Continue reading

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Northwood’s rival CMH bid may be blocked after KW/Varde threaten to walk

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Northwood Investors’ rival 11th-hour bid to seize control of the 16-strong €306m-valued Castle Market Irish Dublin office portfolio has been rejected by the special servicer responsible for the matured securitisation, after the preferred bidders Kennedy Wilson and Varde Partners threatened … Continue reading

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Kennedy Wilson edges out rivals to win Castle Market portfolio for €305m

Kennedy Wilson has offered around €305m in an all-cash bid to win the former Treasury Holdings’ 16-strong Castle Market Dublin City office property portfolio, edging out a very close rival cash-bid by London & Regional and Northwood Investors’ CMBS restructuring … Continue reading

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Final three bidders ponder last bids for Treasury Holdings’ former Castle Market portfolio

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Three finalists have emerged in the final bidding round for the former Treasury Holdings’ 16-strong Castle Market portfolio, with cash offers from each London & Regional and Kennedy Wilson competing against a CMBS restructuring proposal from Northwood Investors for the … Continue reading

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Part II: A definitive guide to Europe’s largest CMBS maturities continued …

Europe’s CMBS loan maturity run-off in 2013 is the single largest calendar year for maturities in the history of the capital markets funding tool since inception on this side of the Atlantic. CoStar News continues its rundown of the 10 … Continue reading

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Northwood Investors buys REO €85m junior loan from NAMA

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Northwood Investors has bought the out-of-the-money €85m junior loan securing the €270.41m-valued Dublin offices portfolio formerly owned by Treasury Holdings subsidiary Real Estate Opportunities from NAMA, CoStar News can reveal. Northwood beat competition from a six-strong group of finalists including … Continue reading

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