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The Co-Operative Group, the UK’s largest consumer mutual bank, is contemplating selling off its £2.1bn non-core non-performing property loans, in a move which would help stem the bank’s estimated up to £1.8bn capital shortfall and release much-need risk-weighted assets. Morgan … Continue reading
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Morgan Stanley’s Matt Weir resigned on Tuesday this week and is expected to take up a role on Goldman Sachs’ ABS trading desk later this summer. Weir was co-head of European ABS trading at Morgan Stanley before moving to work … Continue reading
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GE Capital Real Estate has promoted Morgan Stanley’s European securitisation platform founder Ellen Brunsberg to succeed Ilaria del Beato as UK managing director, underlining the multinational conglomerate’s refocus on senior lending. Brunsberg, who joined GE Capital in its capital markets … Continue reading
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Morgan Stanley is syndicating the £190m five-year senior loan extended to Blackstone for the private equity giant’s acquisition of the Adelphi building in the West End, with AIG, BAWAG and Insight Investments lined up to take the lion’s share of … Continue reading
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Morgan Stanley has lost two further staff in its in-house European commercial real estate loan servicing team, with a decision over the long-running possible sale of the predominantly CMBS loan servicing book still seemingly hanging in the balance. Elmar Schoonbrood, … Continue reading
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Morgan Stanley is making a bold return to UK real estate lending by financing Blackstone’s £265m acquisition of the Adelphi building in the West End with a five-year £190m senior loan, CoStar News can reveal. The punchy return to property … Continue reading
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Blackstone will decide on the composition of the £200m financing package early next week to fund its £265m acquisition of the Adelphi building just off the Strand, after seeking term sheets for both whole loan lenders and separate senior and … Continue reading
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UK secondary commercial property values have at least a further 20% to fall in value in the next two to three years, forecasts Deutsche Bank, with the reduction of bank lending for distressed property to just a trickle effectively suppressing … Continue reading
