Tag Archives: Project Carlisle

Cerberus beats Oaktree to win Nationwide’s Project Carlisle

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Cerberus Capital Management has won Nationwide’s Project Carlisle paying just above £680m for the UK commercial property loan portfolio, fending off Oaktree Capital Management in a tightly-contested blind bidding process.    Nationwide, advised by Deloitte on the Project Carlisle sale … Continue reading

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Indicative bids on Nationwide’s £1bn Project Carlisle in this afternoon

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First round bids for Nationwide’s £1bn Project Carlisle UK non-performing loan portfolio are due this afternoon, with at least half a dozen private equity funds and hedge funds expected to compete in a tight contest. Project Carlisle has an unpaid … Continue reading

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Nationwide readies £1bn Project Carlisle UK NPL

Nationwide is preparing to bring to market a circa £1bn UK non-performing loan (NPL) portfolio, dubbed Project Carlisle, as the building society accelerates de-leveraging of its £7bn remaining legacy commercial real estate exposure. CoStar News has learned that a group … Continue reading

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