Tag Archives: Solutus Advisors

Tim Knowles finances Lea Valley DPO with £73m finance package from Aviva Investors and Pramerica

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Tim Knowles has closed the purchase and financing the 24-strong regional industrial Lea Valley portfolio, which he used to own directly, financed with a mixture of senior and mezzanine financing. Knowles agreed a discounted purchase offer (DPO) for £90m last … Continue reading

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Tim Knowles wins back Lea Valley loan in £88m DPO from Solutus Advisors

Tim Knowles, the property investor and borrower behind the Lea Valley securitised loan, has been successful in acquiring the distressed 24-strong portfolio through his First Investments Limited firm in an £88m discounted purchase offer (DPO) through Solutus Advisors, the special … Continue reading

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Tim Knowles offers £88m DPO for Lea Valley loan following event of default

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Tim Knowles, the property investor and borrower behind Lea Valley, has proposed a revised offer to win back control of the 24-strong property portfolio through his real estate investment, asset management and receivership firm, First Investments Limited. In a letter … Continue reading

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Solutus to begin Beta portfolio sale process after C&W’s £191.4m new valuation

Solutus Advisors will begin marketing the 16-stong Beta UK regional property portfolio, which includes Reading’s Microsoft Campus, this summer after a new Cushman & Wakefield valuation reveals a 42.5% value increase to £191.4m, the special servicer will announce shortly. Solutus … Continue reading

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Solutus appoints First Investments as LPA receiver on Mapeley’s Beta portfolio

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Mapeley, the real estate investor majority-owned by Fortress Investment Group, has lost control over a further 16 assets of its UK property empire after special servicer Solutus Advisors appointed First Investments as LPA receiver over the underwater securitised loan. Carrie … Continue reading

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Fitch withdraws Solutus’ rating over ‘incorrect and misleading information’

Fitch Ratings has withdrawn its ratings for Solutus Advisors citing that the commercial property loan servicer had provided “incorrect and misleading information during the initial rating process”. In a brief statement published on Friday, Fitch wrote that: “Fitch will no … 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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Solutus Advisors opens Frankfurt office in European expansion drive

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Solutus Advisors has opened up a German base in Frankfurt to expand its European commercial property loan servicing business, ahead of a frenetic year ahead for CMBS loan maturities in the UK and in Europe. Tim Schuy has been recruited … 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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