Tag Archives: Project River

Attestor Capital-managed fund wins FGH Bank’s Project River NPL

Attestor Capital, on behalf of Trinity Investments Limited, has acquired a portfolio of defaulted loans, dubbed Project River, from FGH Bank for around €150m secured by a portfolio of offices in the Netherlands formerly managed by Wölbern Invest. The story … Continue reading

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Davidson Kempner wins AIB’s Project River UK hotel loan portfolio

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Allied Irish Bank has sold the circa £200m Project River UK non-performing UK airport hotel loan portfolio to Davidson Kempner Capital Management, a New York-based hedge fund, for around £140m, CoStar News can reveal. Davidson Kempner outbid four separate bidders – … Continue reading

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Four finalists bid for AIB’s Project River UK airport hotel loan pool

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Final bids are due this week for a pool of seven syndicated senior loans by Allied Irish Bank with a nominal value of around £200m, dubbed Project River, secured by portfolio of UK airport hotels owned by Arora Hotels. Project … Continue reading

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AIB runs off €3.2bn since €20bn NAMA transfer as loan quality deteriorates

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Allied Irish Bank (AIB) reduced its property and development loan exposure by €2.24bn in 2012, to €22.25bn, and by €3.16bn since the transfer of €20bn of loans to NAMA in 2009, as the quality of the loan book deteriorated last … Continue reading

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AIB looks to sell £200m Project River UK airport hotel loan portfolio

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Allied Irish Bank is selling a portfolio of seven syndicated senior loans together with an outstanding nominal balance of around £200m, dubbed Project River, secured by a portfolio of UK airport hotels owned by Arora Hotels, CoStar News can reveal. … Continue reading

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