Tag Archives: Starwood Capital

BAML prices slimmed down Starwood Capital CMBS at blended discount

Bank of America Merrill Lynch (BAML) has priced the scaled back securitisation of two loans extended to Starwood Capital’s MStar Europe joint venture fund at a weighted average discount of 1.8% to par across the transaction. Final pricing for BAML’s … Continue reading

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BAML issues pricing guidance for €177m Starwood Capital CMBS

Bank of America Merrill Lynch (BAML) has issued initial pricing guidance for its TAURUS 2015-3 EU DAC CMBS, the €176.7m securitisation of two loans extended to Starwood Capital’s MStar Europe joint venture with M7 Real Estate. The initial pricing guidance … Continue reading

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Deutsche Bank readies pan-European €316m DECO Charlemagne CMBS

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Deutsche Bank is preparing its next pan-European multi-borrower CMBS, the €316m DECO 2015 Charlemagne transaction, which is the securitisation of three loans which are secured by an aggregate 37-strong predominantly office and light industrial commercial property portfolio. The capital structure … Continue reading

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Opportunistic investors circle over £300m Gemini carcass

At least half a dozen investors are preparing bids for the remaining Gemini UK-wide mixed-use commercial property portfolio, formerly owned by Glenn Maud’s Propinvest. CoStar News understands Tristan Capital Partners, Westbrook Partners, Värde Partners, Goldman Sachs and Colony Capital are … Continue reading

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Helaba ponders whether to progress sale or withdrawal of Project Aurora NPL

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Helaba is expected to make a decision this week on whether to pursue the sale of the circa €450m Project Aurora non-performing loan portfolio after the second round pricing came in significantly below the bank’s expectations, CoStar News understands. Project … Continue reading

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Starwood Capital refinances Aldgate Tower with £200m development loan

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Starwood Capital has refinanced a matured speculative development loan secured by the partially-complete Aldgate Tower in the City of London with a £200m whole loan. Aldgate Developments, a privately-controlled Irish developer and investor, has refinanced a £85.5m two-and-a-half-year development loan from … 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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Starwood Capital finances Ghelamco Polish offices buy with €136m Helaba loan

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Starwood Capital has acquired three office properties in Poland from real estate developer Ghelamco for around €192m, financed with a five-year €136m senior loan from Helaba. The approximate purchase price reflects around a 70% LTV.  Starwood acquired the three office … Continue reading

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Starwood Capital and M7 Real Estate to issue €85m TEIF request for finance next month

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Starwood Capital and M7 Real Estate will launch a circa €85m request for financing early next month to refinance the inherited debt securing the just-acquired 36-strong light industrial Tamar European Industrial Fund (TEIF). The Starwood-led acquisition of the majority French light industrial … Continue reading

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