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Kennedy Wilson has emerged as the winning bidder for the 29-strong Ruby portfolio paying £57.5m, bringing to a closure the fate of the widely-contested former Alburn Real Estate portfolio. Savills, the LPA receiver appointed by primary servicer Rothschild on the … Continue reading
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Irvine Sellar’s Sellar Property Group, Isle of Man-based Praxis Real Estate, Legal & General Property, Threadneedle Investments and Kennedy Wilson comprise the five-strong shortlist which submitted second round bids vying to purchase the 29-strong UK distressed Ruby portfolio, CoStar News … Continue reading
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Savills has brought to market four properties outside Noel Smyth’s former securitised Alburn portfolio, dubbed Ruby, for a combined guide price of £25.58m, while the final nine properties will be separately marketed. Last Thursday, CoStar News revealed that Savills had partitioned 29 … Continue reading
Savills has brought a 29-strong UK secondary portfolio from Noel Smyth’s Alburn REC 6 CMBS to market with a guide price of £66m, dubbed the Ruby Portfolio, CoStar News can reveal. The composition of the Ruby portfolio, reflects a net … Continue reading
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Pearsanta’s attempt to appoint Solutus Advisors as special servicer on Noel Smyth’s 45-strong Alburn Real Estate UK secondary portfolio has been blocked by class A noteholders, in final twist which looks to cement the current LPA receivership route set in … Continue reading
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Royal Bank of Scotland is expected to ratify the appointment of Solutus Advisors as special servicer on Noel Smyth’s 45-strong Alburn Real Estate Capital, in a final attempt to influence the asset management and disposal strategy mandated to LPA receivers … Continue reading
Rothschild has enforced on Noel Smyth’s £130m 45-strong Alburn Real Estate UK secondary portfolio, appointing two LPA receivers from Savills, following the failure to meet an accelerated repayment demand yesterday. Enforcement brings to an end the attempts by Smyth to … Continue reading
Vincent Barrett’s Pearsanta is trying to appoint Solutus Advisors as special servicer on Noel Smyth’s Alburn REC 6 CMBS to replace Hatfield Philips, in yet a further twist in Europe’s most elaborate and tactical securitisation unwinding.
