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AIG Asset Management has provided a long-term secured debt facility for up £900m to Market Tech, Teddy Sagi’s hybrid e-commerce and real estate firm which owns and manages the iconic Camden Markets, in a move which substantially simplifies the company’s … Continue reading
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UBS has been appointed to sell Blackstone’s majority stake in Valad Europe, the European real estate investment manager with €4.9bn under management, crystallising the private equity giant’s investment profit ahead of the fund’s maturity in August 2016. Blackstone and Valad … Continue reading
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Lloyds Banking Group has selected a four-strong shortlist of private equity and hedge funds for its probable final Continental European commercial property loan portfolio sale, Project Aberdonia. CoStar News can reveal that BAML, Cerberus Capital Management, Marathon Asset Management and … Continue reading
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AEW Europe has bought back a 225-strong portfolio of Finnish hypermarkets in a joint venture with Tristan Capital Partners from Switzerland’s bad bank, financed with a €95m senior loan from Starwood Capital. The Stabilisation Fund (StabFund) of the Swiss National … Continue reading
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Lloyds Banking Group is preparing to shift as many as another five commercial property loan portfolios before the end of the year, as part of a wider effort by the bank to reduce its total non-core legacy loan book to … Continue reading
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The Co-Operative Group could virtually double its “non-core” commercial real estate (CRE) loan book to £4bn as part of a wider set of measures designed to boost the troubled mutual’s tier one capital by £1.5bn in the next 18 months, … Continue reading
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KPMG Ireland, the special liquidator over IBRC, has lined up PricewaterhouseCoopers (PwC) to revalue a €4bn pool of Irish property loans, known as Project Delta, while UBS has been retained to revalue a similar nominally-sized pool of corporate loans, dubbed … Continue reading
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Intu Properties, the rebranded Capital Shopping Centres Group, has secured a £350m five-year senior loan equally split by UBS, HSBC and Bank of America Merrill Lynch (BAML), with a syndication kicking off on Monday of up to £200m. UBS, HSBC … Continue reading
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Paul Marcuse is leaving UBS after almost six years as the Swiss investment bank’s head of global real estate and will be replaced by current chief operating officer Thomas Wels. Marcuse has been group managing director since 2007, and has … Continue reading
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