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Gagfah’s €2bn German Residential Funding 2013-1 CMBS, secured by a 61,613-strong multi-family residential portfolio, will price and close on Thursday, in an agency-style securitisation three times as large as initially planned. Goldman Sachs International is the sole structuring agent, while … 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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AIG and Goldman Sachs head a five-strong club of lenders alongside three German pfandbrief banks to refinance more than €1bn of Gagfah’s maturing €2.06bn securitised debt, CoStar News understands, as part of a wider refinancing strategy to diversify the sources … Continue reading
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Gagfah, Germany’s second-largest property company by market value, has confirmed this afternoon plans to scrap the sale of its €1.7bn-valued Woba German multi-family portfolio, and seek a €1bn five-year debt refinancing. While Gagfah has not confirmed the identify of the … 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
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Gagfah, the Germany listed residential property company, has confirmed today that it is contemplating bringing to market a circa €625m five-year term CMBS next year secured by German multi-family properties, as part of a wider series of strategies to refinance … Continue reading
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Germany’s multi-family portfolio trades have surpassed the previous two years combined and the largest in more than five years with €7.78bn traded in the first nine months of the year, according to Savills, in a trend first identified by CoStar … Continue reading
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Deutsche Pfandbriefbank (PBB) has confirmed the extension of €285m senior loan to Deutsche Wohnen for the German listed residential property company’s acquisition of the 23,500 BauBeCon portfolio, which CoStar News first revealed almost three months ago. Deutsche Wohnen beat GSW … Continue reading
