Tag Archives: Project Aberdonia

Nationwide selects Project Adelaide finalists as NPL sales build momentum

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Nationwide has selected three private equity funds to progress to the second and final stage of the bidding process for the granular Project Adelaide German commercial property loan portfolio, as the wave of European NPL activity continues to gather in … Continue reading

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Marathon wins Project Aberdonia paying €280m

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Marathon Asset Management has won the Project Aberdonia, the Lloyds Banking Group Continental European commercial property loan portfolio, paying €280m. The €280m price, which translates to £235m, reflects a 52.5% discount over the €590m (£494m) nominal value and a €1m … Continue reading

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Bidders emerge on legacy IBRC portfolios amid €27bn frenzy of live European property loan sales

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Europe’s real estate loan portfolio market has entered its most frenetic period as finalists emerge on the legacy IBRC portfolios, projects Salt and Rock, as private equity, hedge fund and investment banks pore over as much as €27.7bn in live … Continue reading

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Lloyds selects four finalists for €600m Project Aberdonia loan sale

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Lloyds Banking Group has selected a four-strong shortlist of private equity and hedge funds for its probable final Continental European commercial property loan portfolio sale, Project Aberdonia. CoStar News can reveal that BAML, Cerberus Capital Management, Marathon Asset Management and … Continue reading

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