Tag Archives: Ulster Bank

RBS sells Project Coney to Sankaty Advisors and Project Rathlin to Cerberus

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Royal Bank of Scotland has sold two further non-performing loan portfolios secured against commercial properties in the Republic of Ireland and the bank’s final clean-up trade of Northern Irish assets. Sankaty Advisors, the affiliate of Bain Capital which has been … Continue reading

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Cerberus wins Ulster Bank’s giant Project Aran and NAB’s Project Henrico

Cerberus Capital Management has won Ulster Bank’s giant Project Aran non-performing loan portfolio and National Australia Bank’s Project Henrico, completing a sweep of four major commercial real estate (CRE) loan portfolio wins in the last week. Royal Bank of Scotland … Continue reading

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RBS upsizes Project Aran to €6bn with retained three finalists

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Royal Bank of Scotland has upsized its Irish non-performing real estate loan portfolio, Project Aran, by €4.3bn to approximately €6.0bn, with the same three-strong finalists now to bid across the enlarged NPL. RBS took the decision almost two weeks ago … Continue reading

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Dublin’s High Court grants temporary freezing order over sale of Project Achill’s Pool E

Dublin’s High Court has today granted an ex parte interim injunction preventing the sale of Ulster Bank’s Pool E loan tranche in Project Achill, after the borrower requested a hearing to establish whether the interest rate swap mis-selling claim must be settled first. Vierai … Continue reading

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Lone Star wins largest Project Achill tranche – two additional winners and two loans still in the balance

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Lone Star has won the largest tranche of Ulster Bank’s Project Achill, Pool A, in one of four of the six tranches committed to winning bidders, while the rest of the non-performing loan portfolio remains in the balance. The final … Continue reading

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Ulster Bank launches €1.7bn Project Aran non-performing loan portfolio

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Ulster Bank, the subsidiary of Royal Bank of Scotland, has launched the sale of its third Irish non-performing real estate loan portfolio, the €1.7bn Project Aran. Project Aran is comprised 411 connections and is secured by 315 properties, including more … Continue reading

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RBS narrows €1.2bn Project Achill shortlist to four

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Royal Bank of Scotland has selected a shortlist of three private equity funds and one investment bank to progress to the second and final round for the nominally-valued €1.2bn Project Achill portfolio. CoStar News understands that Lone Star, Cerberus Capital … Continue reading

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Kennedy Wilson buys Ulster Bank’s Elliott loan and Marshes Shopping Centre for €120m

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Kennedy Wilson Europe Real Estate (KWERE) is to acquire Ulster Bank’s Elliott loan portfolio, secured by a 13 properties in Ireland, and separately the Marshes Shopping Centre in Dundalk for a combined cash price of €120m. The Elliot loan portfolio, … Continue reading

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