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A six-strong shortlist has emerged for first round bids, due on Friday, for the sale of Lloyds Banking Group’s circa €450m outstanding senior loan secured by German Aktiv Property Fund Limited Partnership (GAF), a sub-pool within the wider joint venture … Continue reading
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MetLife, the US insurance company, has today funded a five-year £160m senior loan for the TPG-managed Ivanhoé Cambridge’s acquisition of Woolgate Exchange in the City of London for £265m, CoStar News has learned. Ivanhoé Cambridge, the real estate subsidiary of … Continue reading
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Ivanhoé Cambridge, the real estate subsidiary of Canadian institutional fund manager Caisse de dépôt et placement du Québec, has financed the £265m acquisition of Woolgate Exchange in the City of London with a circa £160m five-year senior loan from MetLife, … Continue reading
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TPG and Patron Capital, the private equity firms, closed their joint venture acquisition of Uni-Invest, the Dutch real estate company, on Friday following approval last Monday by the Dutch courts. Class A bondholders in the OPERA Uni-Invest CMBS – which … Continue reading
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Royal Bank of Scotland has begun widening its search for a buyer for its 42-strong Marriott hotel portfolio, with the deal by preferred bidder Blue Coast Hotels hanging in the balance, CoStar News understands. Blue Coast Hotels, the Indian hotel … Continue reading
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TPG and Patron Capital have won control of the Uni-Invest securitised debt after Class A noteholders this morning rejected Valad Europe’s consensual bid and approved the private equity joint venture partners’ credit bid within the last hour at Baker MacKenzie’s … Continue reading
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Opera Uni-Invest CMBS bondholders’ decision over which of the two competing workout proposals to back at this month’s series of EGMs has intriguing implications for the future of the distressed Dutch portfolio, as well as for the effectiveness of the … Continue reading
CoStar Finance 