Tag Archives: PIMCO

PIMCO appoints agents to sell ‘mini’ government-backed Ulysses portfolio for €28.5m

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PIMCO and Tetrarch Capital have appointed JLL and CBRE to sell four properties from their 25-strong Ulysses portfolio, comprised of Dublin city centre office buildings secured by long-term government income. JLL and CBRE have been jointly on the mini portfolio … 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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Hines in pole position for Project Cherry after knockout first round bid

Hines are in pole position to win the Cherrywood Business Park and development scheme ahead this Thursday’s final bid, after a knockout €235m first round bid, CoStar News understands. King Street Capital, the US hedge fund headed by Irish-American Brian … 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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Bank of Ireland to finance Dublin’s Central Park at tightest post crisis senior margin

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Green REIT and PIMCO have financed their acquisition of the Central Park office portfolio with a senior loan from Bank of Ireland, in the strongest indicator yet of the rapid normalizing domestic senior lending market. CoStar News can reveal that the … Continue reading

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Commerzbank’s €4.4bn Project Octopus draws substantial first round interest

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Lazards is poring over a raft of first round single and joint venture bids for Project Octopus, the codename for Commerzbank’s sale of its legacy €4.4bn Eurohypo Spanish commercial property lending business. CoStar News has learned that five joint venture … Continue reading

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Analysis: how to sell a loan portfolio like NAMA’s €3.5bn Project Eagle

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NAMA’s launch of the potential sale of its Northern Irish property loan portfolio could solve an enormous problem for the Irish bad bank in one sale, but how would a deal work and what is the likelihood of a sale? … Continue reading

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NAMA prepares €4bn Project Eagle Northern Ireland loan portfolio

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NAMA is preparing to launch the sale of its entire €4bn Northern Irish commercial property and development land loan portfolio following PIMCO’s reverse-inquiry prior to Christmas in a process dubbed Project Eagle.    Lazards has been instructed to sell the … Continue reading

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Green REIT and PIMCO set to close Central Park buy sparking €150m financing mandate

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Green REIT has confirmed it has exchanged contracts to acquire Central Park for €311.5m in a joint 50:50 venture with PIMCO, sparking a €150m senior financing mandate on the six-strong office complex next month. PIMCO is to provide a circa … Continue reading

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