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Deutsche Bank is exploring the possible disposal of Deutsche Postbank’s €2.5bn predominantly UK commercial property loan book, which could pave the way for a second multi-billion performing UK property loan book sale this year. Postbank, which is 93.7%-owned by Deutsche Bank, … Continue reading
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 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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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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Lloyds Banking Group has selected Apollo Global Management, a joint Kennedy Wilson and Deutsche Bank bid, and Cerberus Capital Management as the finalists on the £495m Project Thames UK commercial property loan portfolio, CoStar News can reveal. Project Thames’ unpaid … Continue reading
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A nascent recovery in European CMBS is finally expected to emerge this year, with as many as three German multi-family securitisations as well as a new £400m Chiswick Park transaction expected to come to market before the summer in a … Continue reading
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Deutsche Bank is lining up a fresh £400m CMBS for Blackstone’s Chiswick Park as part of a wider £600m cash-out refinancing which will crystallise near to £80m in profit for the global private equity firm two years after paying £480m … Continue reading
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Steve Williamson has quit Deutsche Bank bringing to an end a near 15-year career with the investment bank, as the London commercial real estate finance team’s business model evolves into a selective higher yielding lending and principal investment operation. Williamson’s … Continue reading
