Tag Archives: Varde Partners

Colony Capital completes £311m all cash Gemini swoop after Värde Partners’ exclusivity period expires

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Colony Capital exchanged contracts on Friday night to acquire the remaining Gemini UK commercial property portfolio for £311m, after Värde Partners’ exclusivity period expired 10 days ago, CoStar News has learned. Colony, in partnership with asset manager Quidnet Capital Partners, … Continue reading

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Värde and APAM close £50m Toucan and Peacock deals with Credit Suisse lined up to finance

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Värde Partners and joint venture asset manager partner APAM have closed the circa £50m all-cash purchase of two prime high street retail portfolios from Royal London Asset Management with Credit Suisse already lined up to refinance. Underbidders included Hunter Real … Continue reading

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Värde Partners wins bulk of Glenn Maud’s former Gemini portfolio for above £305m

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Värde Partners has won the remaining 24-strong Gemini UK commercial property portfolio, formerly owned by Glenn Maud’s Propinvest, for above £305m, CoStar News has learned. The sale price reflects a sub 9% net initial yield and reflects around a 10% … 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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Värde Partners closes £138m Bizspace deal all-cash and now seeks £90m financing post-closure

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Värde Partners has closed the all-cash purchase of Bizspace Group, the UK provider of flexible business accommodation for approximately £138m. Värde acquired 100% of the shares and assets of the Bizspace group of companies and, through its acquisition, substantially deleveraged … Continue reading

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Värde Partners wins NAMA’s Acorn portfolio for over €170m

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Värde Partners has won the race to buy three provincial Irish shopping centres from NAMA for more than €170m – 30% above the initial asking price – in the first significant post-crisis price discovery for the sector. CoStar News has … Continue reading

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BAML to part syndicate Värde and KW’s Britannica £163m senior loan

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Bank of America Merrill Lynch (BAML) has financed Värde Partners and Kennedy Wilson’s joint venture acquisition of the Britannica fund, which is a portfolio of eight secondary UK shopping centres, with a £163m five-year senior loan. Next week BAML is … Continue reading

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Creditors reject IVG’s €2.1bn debt-for-equity swap proposal

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IVG Immobilien is to file an application with the Bonn District Court for protection against its creditors, including a raft of private equity and hedge funds, and proceed with a court-supervised restructuring after a €2.1bn debt-for-equity swap vote last night … Continue reading

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Private equity funds to vote imminently on IVG’s debt-for-equity swap

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A huge consortium of private equity funds, hedge funds and debt investors will vote on IVG Immobilien’s €2.1bn debt-for-equity swap proposals within the next 48 hours, with an outcome possibly as early tomorrow morning. Cerberus Capital Management, Varde Partners, Apollo … Continue reading

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