Tag Archives: Project Poseidon

Goldman Sachs, CarVal Investors and BoI win Lloyds’ Project Poseidon for €1.2bn

Goldman Sachs, CarVal Investors and Bank of Ireland have shared the spoils of Lloyds Banking Group’s final Irish commercial property loan portfolio, paying £827m (€1.18bn) for Project Poseidon, virtually completing the bank’s withdrawal from Irish commercial property lending. Lloyds said in a … Continue reading

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Cerberus wins final resi tranche of Project Finn for £225m, as bidders turn to Lloyds €4.2bn Project Poseidon

Cerberus Capital Management has won the final tranche of Ulster Bank’s Project Finn, paying £225m for the Irish residential mortgage pool, comprised of around 2,000 separate borrowers, completing the three-tranche sale to separate winners in the last 48 hours. This … Continue reading

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DB and Apollo secure CRE tranche of Ulster Bank’s Project Finn for £400m as same finalists prepare binding Lloyds’ Poisedon bids (Updated)

Royal Bank of Scotland has sold the largest tranche of the circa €2.6bn Project Finn non-performing Irish real estate loans from its Ulster Bank subsidiary to a joint venture comprised of Deutsche Bank and Apollo Global Management for £400m. CoStar News understands that … Continue reading

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Four finalists prepare to submit bids for NAMA’s €785m Project Maeve as Ulster Bank’s €2.6bn Project Finn progresses

Four finalists have progressed to the final round of NAMA’s €785m Project Maeve non-performing loan (NPL) portfolio, secured by 13 commercial properties and development sites owned by Gerry Barrett. CoStar News understands that Marathon Asset Management, Angelo Gordon, Oaktree Capital … Continue reading

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