Tag Archives: Oaktree Capital Management

Bank of Ireland’s National portfolio to trade above €162m after four bids came in yesterday

Bank of Ireland received four second round bids yesterday afternoon for the National Portfolio, a five-strong Irish regional retail parks portfolio. CoStar News understands the four bids submitted yesterday were: Tristan Capital Partners, in a joint venture with Pradera, the … Continue reading

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Goldman Sachs launches £646m Logicor UK CMBS for Blackstone (updated)

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Goldman Sachs has launched the securitisation of a £680m senior loan to Logicor, Blackstone’s European logistics platform, which is secured by a 42-strong industrial property portfolio throughout the UK. The transaction, dubbed Logistics UK 2015 plc, has six tranches, the … Continue reading

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Oaktree wins NAMA’s multi-borrower Project Albion paying around £115m

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Oaktree Capital Management has won NAMA’s Project Albion paying circa £115m for the bad bank’s second-ever multi-borrower loan portfolio, secured by predominantly UK commercial properties. The purchase price at just below £115m reflects around 51 pence in the pound for the … Continue reading

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Commerzbank closes sale of €2.9bn CRE loan portfolios and prepares further loan sales

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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

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Oaktree secures Grupo Lar back bid for Project Gaudi’s Megapark Barakaldo as FMS Wertmanagement considers Netherlands and Italian NPL sales

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Oaktree Capital Management closed the purchase of the reduced FMS Wertmanagement Project Gaudi non-performing loan portfolio paying around €260m all cash, after a back bid sale of the Bilbao shopping centre to Grupo Lar and the removal of two loans prior to … Continue reading

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Charles Blackburn quits Deutsche Bank for Oaktree Capital Management

Charles Blackburn, head of Deutsche Bank’s EMEA commercial real estate special situations group, has quit the investment bank after nearly 10 years as is expected to join Oaktree Capital Management later in the summer, CoStar News has learned. Blackburn is … Continue reading

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Oaktree enters exclusive negotiations on Project Gaudi for circa €500m

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Oaktree Capital Management has entered exclusive negotiations with FMS Wertmanagement for the predominantly Spanish Project Gaudi commercial real estate loan portfolio for a price thought to be just north of €500m, CoStar News has learned. Negotiations are ongoing and the … Continue reading

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Oaktree and Colony vie for Project Gaudi which is expected to trade for €500m

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Oaktree Capital Management and Colony Capital are the two finalists vying for FMS Wertmanagement’s maiden European commercial real loan portfolio sale, secured by a raft of prized assets including the Hotel Arts in Barcelona, with a final sale expected to … Continue reading

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Private equity funds prepare final bids for €740m Project Gaudi

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A trio of private equity funds are among four finalists which will submit binding bids next week for a €740m portfolio of predominantly Spanish commercial real estate loans, secured by a raft of prized assets including the Hotel Arts in … Continue reading

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