This gallery contains 1 photo.
Lloyds Banking Group signed contracts with Cerberus Capital Management over the sale of the UK real estate loan portfolio, Project Thames, in the early hours of the morning ahead of a stock market announcement confirming the sale at £325m. In … Continue reading
This gallery contains 1 photo.
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
This gallery contains 1 photo.
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
This gallery contains 1 photo.
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
This gallery contains 1 photo.
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
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
Davidson Kempner, the US hedge fund, is expanding its European real estate debt team with the hire of Starwood Capital’s Romain Ferron. Ferron leaves Starwood after almost four years working as a distressed real estate debt specialist at the end … Continue reading
