Tag Archives: Project Spring

Värde Partners closes £138m Bizspace deal all-cash and now seeks £90m financing post-closure

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Värde Partners has closed the all-cash purchase of Bizspace Group, the UK provider of flexible business accommodation for approximately £138m. Värde acquired 100% of the shares and assets of the Bizspace group of companies and, through its acquisition, substantially deleveraged … Continue reading

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More than a dozen investors circle over Bizspace’s £120m ‘Project Spring’

Bizspace Group, the logistics and office business space operator, is drawing investor interest in its 97 multi-let properties from a raft of mid-sized private equity funds and specialist operators ahead of first round bids in two weeks. PwC and Savills … Continue reading

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Kennedy Wilson buys LinkedIn’s HQ for €45m from Deutsche Bank’s Project Spring NPL

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Kennedy Wilson Europe Real Estate (KWE) has completed the purchase of LinkedIn’s European headquarters, Gardner House in Dublin city centre, for €45.0m after converting a loan from Deutsche Bank’s Project Spring non-performing loan (NPL) portfolio into direct ownership. Deutsche Bank … Continue reading

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Deutsche Bank pays c.€145m for NAMA’s Project Spring

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Deutsche Bank has won NAMA’s Project Spring for around €145m, with the keenest underbidder on price thought to have been Kildare Partners, CoStar News understands. Project Spring is comprised of €427m of property loans extended to Irish property developer Gerry … Continue reading

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NAMA receives dozen Acorn bids and readies for final Redwood bids amid Irish summer sales frenzy

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A dozen first round bids were submitted last night for NAMA’s Acorn portfolio, comprised of three provincial Irish shopping centres, while final bids are due tonight for the bad bank’s Redwood portfolio, amid a frenzy of activity in Ireland over … Continue reading

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Lloyds readies Project Avon, IBRC’s Stone bids in, RBS’ Button bids due next Friday, NAMA receives Tower bids and readies Project Spring

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Lloyds Banking Group has launched one of its final UK non-performing loan portfolios, Project Avon, in the midst of the most active period for legacy commercial property de-leveraging in the last four years. By total unpaid loan balance, the £625m … Continue reading

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