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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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Berlin Hyp refinanced €656.6m of Deutsche Annington’s maturing GRAND CMBS in a five-year loan, as part of a wider €786.6m fresh debt package completing 70% of the German residential property company’s €1bn refinancing target for the year. The second tranche … Continue reading
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LEG Immobilien, a German residential real estate company majority owned by Goldman Sachs, announced plans today to float next month a crystallising a profit from for the investment bank which is expected to raise up to €1bn. Goldman Sachs owns … Continue reading
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Deutsche Annington has secured take-up of just over 90% of bondholders in the outstanding €4.33bn GRAND CMBS, turning the focus to next year’s ambitious €1bn refinancing target and the Germany’s largest residential company’s public listing. Yesterday afternoon, Deutsche Annington confirmed … Continue reading
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Deutsche Annington is nearing the finish line in securing the approval of bondholders to refinance almost €4.5bn in CMBS debt across the next five years. Yesterday afternoon, Deutsche Annington, through its CMBS securitisation vehicle, confirmed that 44% of bondholders had … Continue reading
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Deutsche Annington, Germany’s largest residential real estate company, has begun the search for a successor to departing chief executive officer Wijnand Donkers, who stepped down this morning after six years at the helm. Robbie Barr, deputy chairman of Deutsche Annington’s … Continue reading
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Deutsche Annington’s much-anticipated restructuring proposal for the €4.46bn debt securing its €8.4bn German multifamily portfolio has balanced the competing interests of bondholders and Terra Firma’s IPO ambitions, prompting a price spike in both senior and junior notes this week. After … Continue reading
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Deutsche Annington has proposed a comprehensive refinancing of the outstanding €4.46bn German multi-family GRAND CMBS, Europe’s largest securitisation, headed by a €504m equity injection from Terra Firma, the private equity giant, and staggered partial refinancings over the next five years. … Continue reading
