Category Archives: Refinancings

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

Posted on May 21, 2013 2:35 pm by

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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LBBW refi’s Mayfair and Brum trophies with £70m five-year loan

Posted on May 13, 2013 3:15 pm by
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Landesbank Baden-Württemberg (LBBW) has refinanced three assets in Michael and Steven Elghanayan’s EPIC portfolio with a five-year £70m senior loan, in one of three separate deals which amount to just under £250m in total. The three EPIC portfolio assets refinanced … Continue reading →

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

Posted on May 13, 2013 9:50 am by

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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Cerberus to pay £315m for Project Thames NPL financed by Nomura

Posted on May 9, 2013 3:05 pm by
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Cerberus Capital Management has won its first European non-performing loan portfolio (NPL) from Lloyds Banking Group, after emerging as the highest bidder on Tuesday for the bank’s Project Thames portfolio, paying around £315m which will be financed by Nomura. Competition … Continue reading →

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Morgan Stanley’s Matt Weir quits for Goldman Sachs

Posted on May 9, 2013 3:00 pm by
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Morgan Stanley’s Matt Weir resigned on Tuesday this week and is expected to take up a role on Goldman Sachs’ ABS trading desk later this summer. Weir was co-head of European ABS trading at Morgan Stanley before moving to work … Continue reading →

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Praxis set to pip Kennedy Wilson to £250m Britannica ‘Project Panther’

Posted on May 9, 2013 12:40 pm by
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Praxis Real Estate is the frontrunner to buy the Britannica fund, paying just over £250m for the seven UK secondary shopping centres and edging out Kennedy Wilson, in a deal which is expected to crystallise a near £100m loss to … Continue reading →

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CIC returns to debt markets for Winchester House

Posted on May 8, 2013 3:56 pm by
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China Investment Corporation (CIC), the country’s biggest sovereign wealth fund, has returned to the debt markets to seek to leverage last year’s acquisition of Winchester House seeking around £160m in senior debt. CIC acquired the 310,000 sq ft Winchester House from … Continue reading →

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BAML closes highly profitable Taurus CMBS (updated)

Posted on May 8, 2013 3:55 pm by

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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