Tag Archives: Rothschild

Four bank club to emerge on Mall Fund’s ‘Project Maple’ £375m refinancing

Rothschild is pouring over a raft of indicative term sheets to refinance the maturing CMBS debt on the Mall Fund, the shopping centre fund majority-owned by Aviva Investors and Capital & Regional.  The board of the Mall Fund, which is … Continue reading

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Savills to sell four UK properties outside Alburn ‘Ruby’ portfolio for £25m

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Savills has brought to market four properties outside Noel Smyth’s former securitised Alburn portfolio, dubbed Ruby, for a combined guide price of £25.58m, while the final nine properties will be separately marketed. Last Thursday, CoStar News revealed that Savills had partitioned 29 … Continue reading

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Pearsanta abandons High Court challenge over Noel Smyth’s Alburn CMBS

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Pearsanta, the special purpose vehicle established by Vincent Barratt, has abandoned the High Court challenge against N M Rothschild & Sons and US Bank Trustees Limited over the appointment of Solutus Advisors as special servicer on the defaulted Alburn Real … Continue reading

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CSC offers £350m in convertible bonds ahead of looming £2.2bn refi challenge

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Capital Shopping Centres (CSC), the specialist UK regional shopping centre REIT, has become the latest listed property company to launch convertible bonds, seeking to raise up to £350m in six-year dated paper. The senior, unsecured bonds mature on 4 October … Continue reading

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Deutsche Annington’s GRAND refi proposal receives bondholder thumbs up

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Deutsche Annington’s much-anticipated restructuring proposal for the €4.46bn debt securing its €8.4bn German multifamily portfolio has balanced the competing interests of bondholders and Terra Firma’s IPO ambitions, prompting a price spike in both senior and junior notes this week. After … Continue reading

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Pearsanta takes Noel Smyth’s Alburn battle to the High Court

Vincent Barrett’s Pearsanta has begun High Court proceedings to legally sanction the appointment of Solutus Advisors as special servicer on the Alburn Real Estate Capital 6 CMBS, which secures Noel Smyth’s £120m UK secondary property portfolio, CoStar News can reveal. … Continue reading

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Bondholders block Solutus’ on Alburn CMBS

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Pearsanta’s attempt to appoint Solutus Advisors as special servicer on Noel Smyth’s 45-strong Alburn Real Estate UK secondary portfolio has been blocked by class A noteholders, in final twist which looks to cement the current LPA receivership route set in … Continue reading

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Rothschild to clear up Alburn 45-strong portfolio sell-off ‘confusion’

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Rothschild has confirmed Pearsanta is pressing ahead with plans to nominate Solutus Advisors as the special servicer on Noel Smyth’s defaulted Alburn Real Estate Capital CMBS, in a bid to influence the disposal strategy which is underway. Pearsanta retracted its … Continue reading

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Rothschild appoints Savills as LPA receivers on Alburn’s 45-strong portfolio

Rothschild has enforced on Noel Smyth’s £130m 45-strong Alburn Real Estate UK secondary portfolio, appointing two LPA receivers from Savills, following the failure to meet an accelerated repayment demand yesterday.  Enforcement brings to an end the attempts by Smyth to … Continue reading

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