Tag Archives: Savills

Davidson Kempner wins Bank of Ireland’s National portfolio for in excess of €170m

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Davidson Kempner has this morning exchanged on the acquisition of the five-strong portfolio of Irish regional retail parks portfolio, dubbed the National portfolio, from Bank of Ireland for in excess of €170m. Oaktree Capital Management was the closest underbidder. Tristan … Continue reading

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Bank of Ireland’s National portfolio to trade above €162m after four bids came in yesterday

Bank of Ireland received four second round bids yesterday afternoon for the National Portfolio, a five-strong Irish regional retail parks portfolio. CoStar News understands the four bids submitted yesterday were: Tristan Capital Partners, in a joint venture with Pradera, the … 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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Hines in pole position for Project Cherry after knockout first round bid

Hines are in pole position to win the Cherrywood Business Park and development scheme ahead this Thursday’s final bid, after a knockout €235m first round bid, CoStar News understands. King Street Capital, the US hedge fund headed by Irish-American Brian … Continue reading

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NAMA, Danske Bank and Lloyds bring Project Cherry to market for €220m

NAMA, Danske Bank and Lloyds Banking Group have appointed joint receivers over the 400-acre Cherrywood Business Park and development scheme south of Dublin, with a guide price of €220m. Stephen Tennant and Paul McCann of Grant Thornton have been appointed … Continue reading

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Delancey faces international competition over Royal Mint Court leasehold

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Delancey, the real estate investment firm founded by Jamie Ritblat, will compete this week against a raft of private equity funds, international property investors and developers to acquire the leasehold securing the former home of the Royal Mint by Tower … Continue reading

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Battle for Dublin’s Central Park: Irish REITs each submit JV offers as bidders emerge

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Ireland’s two new REITs, Green and Hibernia, headline the list bidding for Dublin’s sprawling Central Park office, multi-family and development complex with separate joint venture partners after more than half a dozen investors submitted first round bids today. Green REIT … Continue reading

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MetLife agrees complex £126m loan for Canary’s 15 Westferry Circus buy

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MetLife has negotiated a £126m three-year whole loan to finance Canary Wharf Group’s re-purchase of 15 Westferry Circus in Docklands out of administration, in an unusually highly-leveraged deal structured to burn-off the long-dated interest rate swap and prevent crystallising steep … Continue reading

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Kennedy Wilson buys Ruby portfolio for £57.5m

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Kennedy Wilson has emerged as the winning bidder for the 29-strong Ruby portfolio paying £57.5m, bringing to a closure the fate of the widely-contested former Alburn Real Estate portfolio. Savills, the LPA receiver appointed by primary servicer Rothschild on the … Continue reading

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