Tag Archives: Project Tower

GE Capital Real Estate finances Blackstone’s Project Tower with €770m loan-on-loan facility

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GE Capital Real Estate has won the mandate to finance Blackstone’s Project Tower, the Micheal O’Flynn UK and Irish commercial property loan portfolio, with a €770m five-year loan-on-loan facility. The financing mandate was competitive, with underbidders including at least four … Continue reading

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Blackstone pays €1.1bn for NAMA’s Project Tower

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Blackstone has paid around €1.1bn to win the vast majority of NAMA’s Project Tower loan portfolio, edging out Lone Star and Davidson Kempner. The original nominal €1.85bn Project Tower loan portfolio, which is the loan book of Irish developer and … 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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Bidders emerge on legacy IBRC portfolios amid €27bn frenzy of live European property loan sales

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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

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GE Capital signs agreement to buy Postbank’s £1.4bn Project Tower loans

GE Capital Real Estate has this evening confirmed it has signed a definitive agreement with Deutsche Postbank AG to acquire a £1.4bn ($2.1bn) UK commercial property loan portfolio, known as Project Tower. CoStar News reported that GE Capital had fought off the … Continue reading

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Ares emerges as third finalist for Postbank’s €1.9bn ‘Project Tower’

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Ares Real Estate Group, the international real estate equity and debt investor, has emerged as the third finalist vying to acquire Deutsche Postbank’s circa €1.9bn predominantly UK commercial real estate loan book, codenamed Project Tower, CoStar News understands. CoStar News revealed … Continue reading

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Citigroup and JPMorgan vie for Postbank’s €1.9bn ‘Project Tower’ UK CRE loan book

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Citigroup and JPMorgan are the two finalists vying to acquire Deutsche Postbank’s circa €1.9bn predominantly UK commercial real estate loan book, codenamed Project Tower, in the second giant performing property loan book trade of the year, CoStar News understands. The … Continue reading

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