Tag Archives: Project Octopus

Commerzbank confirms closure of Project Octopus trades to JPMorgan and Lone Star

This gallery contains 1 photo.

Commerzbank has this lunchtime confirmed the closure of the sale of the former Eurohypo Spanish commercial property lending business, known as Project Octopus, with €4.4bn in combined Spanish and Portuguese loans trading in separate tranches to JPMorgan and Lone Star. … Continue reading

Gallery | Tagged , , , , | Leave a comment

JPMorgan and Lone Star carve up Project Octopus as Davidson Kempner wins RBS’ Project Button tranche

This gallery contains 1 photo.

JPMorgan and Lone Star have won the Spanish commercial property loan book from the formerly-named Eurohypo, acquiring a broadly equal share of the nominal €4.4bn book with diverging investment strategies set to follow. Project Octopus is comprised of two almost … Continue reading

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

Starwood Capital’s SWEF seeks to expand investment into Spain and Italy

This gallery contains 1 photo.

Starwood Capital’s European real estate debt fund, Starwood European Real Estate Finance Limited (SWEF), is seeking shareholder approval to expand its commercial property investment policy to include Spain and Italy and its residential remit to four additional European markets including … Continue reading

Gallery | Tagged , , | Leave a comment

Commerzbank narrows to final four on Project Octopus sale

This gallery contains 1 photo.

Commerzbank has selected four joint venture consortiums to progress through to the second round of the sales process of the Spanish commercial property lending platform, codenamed Project Octopus, from its formerly-named Eurohypo subsidiary. CoStar News understands that the following four consortiums through to … Continue reading

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

Commerzbank’s €4.4bn Project Octopus draws substantial first round interest

This gallery contains 1 photo.

Lazards is poring over a raft of first round single and joint venture bids for Project Octopus, the codename for Commerzbank’s sale of its legacy €4.4bn Eurohypo Spanish commercial property lending business. CoStar News has learned that five joint venture … Continue reading

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

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

This gallery contains 1 photo.

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

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

Inside Commerzbank’s €4.4bn ‘Project Octopus’ Eurohypo Spanish lending platform sale

This gallery contains 1 photo.

Three joint ventures planning to bid on the tranched sale of Commerzbank’s Spanish commercial property lending business have emerged three weeks ahead of first round indicative offers for the €4.4bn loan book and platform in the process dubbed Project Octopus.  … Continue reading

Gallery | Tagged , , | Leave a comment