Tag Archives: Project Club

Anchorage Capital fails to make €373m Project Holly four-strong shortlist as CarVal wins Project Club

This gallery contains 2 photos.

NAMA has selected Kennedy Wilson, Lone Star, Starwood Capital and a joint bid from York Capital Management and D2 Private to progress through to the second round of the €373m Project Holly Irish non-performing loan portfolio sale, CoStar News can … Continue reading

Gallery | Tagged , , , , , , , , , , , , , | Leave a comment

Three-strong shortlist submit final bids for NAMA’s €250m Project Club next week

This gallery contains 1 photo.

Final bids are due next week for NAMA’s €250m Project Club with a final three-strong shortlist comprising Patron Capital, Castlelake formerly named TPG Credit and a majority-led CarVal Investors joint venture bid with its loan servicing partner Pepper Asset Servicing. … Continue reading

Gallery | Tagged , , , , , , , , , | Leave a comment

NAMA finally to start €250m Project Club NPL sale process next week

This gallery contains 1 photo.

NAMA has finally sanctioned the launch of the €250m Project Club non-performing Irish (NPL) commercial property loan portfolio, with prospective bidders expected to be sent non-disclosure agreements to sign next week ahead of the release of the data tape, CoStar … Continue reading

Gallery | Tagged , , | Leave a comment

ANALYSIS: Are NAMA’s single-borrower NPL sales a flawed process?

This gallery contains 1 photo.

Across the Irish Sea, speculation has swept through the commercial property market that NAMA has pulled its next non-performing loan (NPL) portfolio, €235m Project Club, “amid general concerns that borrowers are teaming up with potential buyers which is undermining the … Continue reading

Gallery | Tagged , | Leave a comment

Starwood and PIMCO’s bids for NAMA’s Project Aspen above 75% discount

This gallery contains 1 photo.

Starwood Capital and PIMCO submitted final bids last week for NAMA’s €810m Project Aspen pricing the Irish non-performing loan (NPL) below €190m, which would reflect at least a 76.5% discount. Project Aspen is comprised of 30 commercial property loans which … Continue reading

Gallery | Tagged , , , , , , | Leave a comment

Inside NAMA’s 30-strong €810m Project Aspen Irish NPL

This gallery contains 1 photo.

Competition for National Asset Management Agency largest yet non-performing loan (NPL) portfolio, the €810m Project Aspen, is expected to be strong, as private equity funds seek to gain a foothold in Dublin’s ever-so gradually improving prime office and retail markets. … Continue reading

Gallery | Tagged , , , , , , , , , , | 1 Comment

NAMA readies €1bn projects Aspen and Club NPLs

This gallery contains 1 photo.

Ireland’s National Asset Management Agency has pooled two non-performing loan (NPLs) portfolios, projects Aspen and Club, which have a combined outstanding debt of more than €1bn. Project Aspen is an Irish NPL, which thought to have a near €800m outstanding … Continue reading

Gallery | Tagged , , , , | Leave a comment