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Bids were submitted last night to buy the seven remaining UK secondary shopping centres within the Britannica fund which fell into administration last September in a deal dubbed Project Panther. ING Bank, the Britannica shopping centre fund’s lead senior lender … Continue reading
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Commerzbank is targeting an end of the second quarter closing for the sale of the £4bn UK Eurohypo commercial property loan book to Wells Fargo and Lone Star, accelerating the permanent senior debt lending retreat of Germany’s second largest bank. … Continue reading
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Wells Fargo and Lone Star have entered exclusive negotiations to acquire Eurohypo’s £4bn UK commercial property loan book from Commerzbank, in a development which sees the exit of rival bidders Starwood and PIMCO. Commerzbank held a meeting at its Frankfurt … Continue reading
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Four separate bids were finally submitted over the weekend to Commerzbank for the formerly-named Eurohypo’s circa £4bn UK commercial real estate loan book. Wells Fargo and Lone Star have teamed up to bid for performing and sub-performing pools, respectively, while … Continue reading
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Commerzbank’s Hypothekenbank Frankfurt continues to eye “opportunistic portfolio disposals” as part of its wider plans to halve its €54bn European commercial property loan book in the next four years, the bad bank subsidiary stated this morning in its annual results. … Continue reading
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Wells Fargo has teamed up with Lone Star to compete against Starwood Capital to acquire Eurohypo’s circa €5.2bn UK real estate loan book from Commerzbank, CoStar News understands. The two prospective buyers are understood to be frontrunners in a sales … Continue reading
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Commerzbank has reclassified the legacy €5.2bn Eurohypo UK commercial real estate (CRE) loan book as “high risk” as part of a new three-band risk framework for its outstanding €55bn European CRE loan book, reflecting a bearish view on the outlook … Continue reading
This is Europe’s biggest year yet for CMBS loan maturities with the endgame in sight for many of the largest securitisations issued on this side of the Atlantic. CoStar News reviews the 10 biggest and explores the likely outcomes. By … Continue reading
