Monthly Archives: June 2012

Smaller investors bemoan banks’ giant fund favouritism on NPL sales

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Small and medium-sized funds with capital to invest in non and sub performing real estate loan portfolios admit to frustration at a lack of opportunity to buy distressed European property-backed debt, according to a survey published this week by DebtX. … Continue reading

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CREFC Seminar: crucial industry documents debated in two weeks

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CRE Finance Council Europe, the trade association dedicated to promoting the strength and liquidity of commercial real estate finance, is hosting a best practice property finance seminar in two weeks to discuss recent industry publications centring on real estate finance … Continue reading

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Hatfield Philips faces Firedog Moss legal challenge

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Hatfield Philips faces the prospect of legal action over the enforcement of a CMBS loan secured by three South East shopping centres owned by Stockland and Apollo Global Real Estate Management, CoStar News understands. Stockland and Citi Property Investors (CPI), … Continue reading

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Canada Life and Aviva Investors refi Picton fund with £209m

Canada Life and Aviva Investors have extended £209m in two seperate long-term senior debt facilities to Picton Property Income, the 41-strong former ING Real Estate UK commercial property fund.  Picton has closed a £114m 15-year Canada Life a senior loan, … Continue reading

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Eurohypo exit could prompt performing loan book sell-off

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Commerzbank’s decision to permanently cease European property lending through subsidiary Eurohypo, opens the possibility of a potential sale of the bank’s UK performing loan book. While no decision has been taken by Commerzbank as to the nature and speed of … Continue reading

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Commerzbank u-turns on property lending return

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Commerzbank dramatically u-turned on plans to re-start property lending last night and has designated all real estate finance as non-core, accelerating the departure of lending by Eurohypo. Eurohypo is to be rebranded Hypothekenbank Frankfurt AG – likely from 31 August … Continue reading

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Stephen Eighteen set to leave RBS

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Stephen Eighteen, head of non-core real estate at the Royal Bank of Scotland is believed to be negotiating his exit from the bank, bringing to an end a 12-year career with the bank likely over the summer, CoStar News understands. … Continue reading

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Assura clears legacy debt problems to kickstart REIT conversion campiagn

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Assura Group, the listed specialist healthcare property investor, has kicked off its REIT conversion campaign today which is expected to be completed by this autumn, in a strategy designed to open up its listed stock to a wider universe of … Continue reading

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