Tag Archives: Pearsanta

Kennedy Wilson buys Ruby portfolio for £57.5m

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Kennedy Wilson has emerged as the winning bidder for the 29-strong Ruby portfolio paying £57.5m, bringing to a closure the fate of the widely-contested former Alburn Real Estate portfolio. Savills, the LPA receiver appointed by primary servicer Rothschild on the … Continue reading

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Pearsanta abandons High Court challenge over Noel Smyth’s Alburn CMBS

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Pearsanta, the special purpose vehicle established by Vincent Barratt, has abandoned the High Court challenge against N M Rothschild & Sons and US Bank Trustees Limited over the appointment of Solutus Advisors as special servicer on the defaulted Alburn Real … Continue reading

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Pearsanta’s High Court hearing deferred until after summer recess

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Pearsanta’s request for a substantive High Court hearing on a fast-tracked basis to resolve the dispute over the appointment of Solutus Advisors as special servicer on the defaulted Alburn Real Estate Capital CMBS has been dismissed at an initial procedural … Continue reading

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Pearsanta takes Noel Smyth’s Alburn battle to the High Court

Vincent Barrett’s Pearsanta has begun High Court proceedings to legally sanction the appointment of Solutus Advisors as special servicer on the Alburn Real Estate Capital 6 CMBS, which secures Noel Smyth’s £120m UK secondary property portfolio, CoStar News can reveal. … Continue reading

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Bondholders block Solutus’ on Alburn CMBS

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Pearsanta’s attempt to appoint Solutus Advisors as special servicer on Noel Smyth’s 45-strong Alburn Real Estate UK secondary portfolio has been blocked by class A noteholders, in final twist which looks to cement the current LPA receivership route set in … Continue reading

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Rothschild to clear up Alburn 45-strong portfolio sell-off ‘confusion’

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Rothschild has confirmed Pearsanta is pressing ahead with plans to nominate Solutus Advisors as the special servicer on Noel Smyth’s defaulted Alburn Real Estate Capital CMBS, in a bid to influence the disposal strategy which is underway. Pearsanta retracted its … Continue reading

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Solutus Advisors takes control of Smyth’s Alburn sell-off

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Royal Bank of Scotland is expected to ratify the appointment of Solutus Advisors as special servicer on Noel Smyth’s 45-strong Alburn Real Estate Capital, in a final attempt to influence the asset management and disposal strategy mandated to LPA receivers … Continue reading

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Rothschild appoints Savills as LPA receivers on Alburn’s 45-strong portfolio

Rothschild has enforced on Noel Smyth’s £130m 45-strong Alburn Real Estate UK secondary portfolio, appointing two LPA receivers from Savills, following the failure to meet an accelerated repayment demand yesterday.  Enforcement brings to an end the attempts by Smyth to … Continue reading

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Pearsanta attempts to replace Hatfield with Solutus on Noel Smyth’s Alburn CMBS

Vincent Barrett’s Pearsanta is trying to appoint Solutus Advisors as special servicer on Noel Smyth’s Alburn REC 6 CMBS to replace Hatfield Philips, in yet a further twist in Europe’s most elaborate and tactical securitisation unwinding.

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