Tag Archives: PriceWaterhouseCoopers

European NPL sales to accelerate: up to €84bn in deals to close before year end

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European real estate loan portfolio sales is expected to ramp up from next month with as much as a further €84bn in planned disposals expected to close before the year end, taking annual volumes to almost €140bn capping the fastest … Continue reading

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Attestor Capital-managed fund wins FGH Bank’s Project River NPL

Attestor Capital, on behalf of Trinity Investments Limited, has acquired a portfolio of defaulted loans, dubbed Project River, from FGH Bank for around €150m secured by a portfolio of offices in the Netherlands formerly managed by Wölbern Invest. The story … Continue reading

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Romanian NPL market thaws with €1bn across portfolios from Bank of Cyprus and Erste Group up for sale

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Two non-performing corporate loan portfolios, secured by Romanian commercial real estate, have been launched with a combined face value of just under €1bn from Bank of Cyprus (BoC) and Erste Group. The first non-performing loan (NPL) portfolio is dubbed Project … Continue reading

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KPMG prepares fresh sales process for IBRC’s projects Amber, Quartz and Pearl

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KPMG has repackaged all €2.4bn unsold IBRC predominantly non-performing loans (NPL) in three separate portfolios, dubbed projects Amber, Quartz and Pearl, in a set of fresh blind auction processes which are targeted for staggered closures before the year end. The … Continue reading

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KPMG reorders IBRC’s €18bn CRE loans into projects Rock, Sand and Salt

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KPMG Ireland has reorganised IBRC’s legacy circa €18bn UK and Irish commercial real estate portfolio into three separate portfolios, codenamed projects Rock, Sand and Salt, as PricewaterhouseCoopers continues the assembly of updated loan valuations ahead of this October’s open-market loan … Continue reading

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KPMG lines up PwC to revalue €4bn Project Delta Irish IBRC loan pool

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KPMG Ireland, the special liquidator over IBRC, has lined up PricewaterhouseCoopers (PwC) to revalue a €4bn pool of Irish property loans, known as Project Delta, while UBS has been retained to revalue a similar nominally-sized pool of corporate loans, dubbed … Continue reading

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European CRE loan portfolio sales to reach €15bn in 2013

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Banks will dispose of around €15bn in European commercial real estate loans this year through loan portfolio sales, forecasts PricewaterhouseCoopers, as both the geography of non-core assets and the concentration of deleveraging banks is broadening. PwC’s estimates, based on on-going … Continue reading

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Pension funds’ property lending stifled by capital charge treatment

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European pension funds have been afforded an almost equivalent rating-based capital charge treatment for property lending as insurance companies under proposals published last Friday, in regulatory framework which fails to take into account underlying collateral. European Insurance and Occupational Pensions … Continue reading

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Allied Irish Bank assembles £400m Project Pivot UK loan portfolio

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Allied Irish Bank has assembled a granular UK commercial property loan portfolio with a nominal value of £397m, codenamed Project Pivot, in the second loan portfolio the bank  has brought to market in the last month, CoStar News can reveal. … Continue reading

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