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Starwood Capital Group has acquired Principal Hayley’s 23-strong UK and European hotel chain for £360m, financed with a three-year £200m Citigroup senior loan. Morgan Stanley Real Estate Funds was the underbidder to Starwood on the hotel transaction. Lloyds Banking Group … Continue reading
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Lloyds Banking Group has shortlisted Cerberus Capital Management, Apollo Global Management, Goldman Sachs Special Situations Fund and Morgan Stanley Real Estate Funds to acquire the €850m Project Chamonix non-performing loan (NPL) portfolio, CoStar News can reveal. Project Chamonix is comprised … Continue reading
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Germany’s Finance Ministry has today confirmed the sale of the 780-strong State-owned TLG Immobilien real estate company for €1.1bn to Lone Star, in the government’s largest privatisation for more than five years. CoStar News first reported that Lone Star had … Continue reading
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Lone Star is on the verge of winning the private equity auction for Germany’s State-owned TLG Immobilien paying between €1.1bn to €1.2bn, beating joint bidders Cerberus Capital Management and Blackstone, CoStar News has learned. Cerberus and Blackstone were understood to be … Continue reading
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Three final round bids were submitted this week for TLG Group’s €1.2bn-valued commercial property subsidiary, as Germany’s Finance Ministry seeks to privatise the company by the end of the year. Lone Star, Morgan Stanley Real Estate Funds (MSREF) and a … Continue reading
