Tag Archives: Project Adelaide

Nationwide has £7.1bn legacy CRE debt remaining after confirmed £694m Adelaide sale

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Nationwide’s legacy commercial property loan exposure has fallen to £7.1bn, comprised of £3.1bn in loan run-offs, maturity and enforcement as well as the post financial year sale of a European sub-performing loan portfolio, virtually completing the building society’s exit from … Continue reading

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Oaktree pays €675m for Nationwide’s Project Adelaide

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Oaktree Capital Management has paid €675m for Nationwide’s Project Adelaide sub-performing granular German commercial real estate portfolio. CoStar News understands that Oaktree’s price reflects an approximate 20% discount to the circa €850m outstanding balance with pricing near par to the … 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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