Category Archives: CMBS

Kennedy Wilson edges out rivals to win Castle Market portfolio for €305m

Kennedy Wilson has offered around €305m in an all-cash bid to win the former Treasury Holdings’ 16-strong Castle Market Dublin City office property portfolio, edging out a very close rival cash-bid by London & Regional and Northwood Investors’ CMBS restructuring … Continue reading

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Blackstone refi’s Chiswick Park with £600m from Deutsche Bank and Apollo ahead of CMBS

Blackstone has refinanced Chiswick Park with a fresh £400m senior loan provided by Deutsche Bank, which is set to be securitised by early June, and a £200m mezzanine facility provided by Apollo Global Management, on behalf of a separate managed … Continue reading

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BAML closes highly profitable Taurus CMBS (updated)

Bank of America Merrill Lynch tightened pricing across the capital stack of the €1.07bn Taurus 2013 GMF 1 CMBS ahead of closing a profitable return to European securitisation. Between Wednesday lunchtime and thursday afternoon’s final closing, guidance pricing – over … Continue reading

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BAML issues €1.07bn Taurus 2013 GMF 1 on Gagfah’s Woba portfolio

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Bank of America Merrill Lynch issued the five-tranche €1.07bn Taurus 2013 GMF 1 CMBS on Friday afternoon, secured by Gagfah’s 46,151-strong Dresden multi-family-focused “Woba” portfolio, in the first new issuance European CMBS of the year. BAML’s return new issuance has been … Continue reading

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Blackstone divests part of Cevdet Caner’s Level One to Deutsche Wohnen

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Blackstone has divested 6,900 German multi-family units, part of Level One’s former assets bought out of administration more than 18 months ago, selling the Berlin portfolio to Deutsche Wohnen for €260m in cash and 8.15m shares worth €109m. Level One, … Continue reading

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Come to today’s CREFC Europe Spring Conference at One New Change

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Join the CREFC Europe Spring Conference today for a full day of sessions in central London covering the major European real estate finance issues and debated with some of the markets most experienced professionals.  Today’s CREFC Europe Spring Conference – … Continue reading

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Eurohypo UK loan book sale: chronology of an unlikely £4bn trade

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Commerzbank is targeting an end of the second quarter closing for the sale of the £4bn UK Eurohypo commercial property loan book to Wells Fargo and Lone Star, accelerating the permanent senior debt lending retreat of Germany’s second largest bank. … Continue reading

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Ellen Brunsberg takes the reins at GE Capital Real Estate UK

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GE Capital Real Estate has promoted Morgan Stanley’s European securitisation platform founder Ellen Brunsberg to succeed Ilaria del Beato as UK managing director, underlining the multinational conglomerate’s refocus on senior lending. Brunsberg, who joined GE Capital in its capital markets … Continue reading

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