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AXA Real Estate Investment Managers, the global real estate manager, has been selected as the preferred bidder to acquire around €1.2bn of nominally-valued performing real estate loans from Société Générale, CoStar News understands. The deal is the third loan disposal … Continue reading
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Allied Irish Bank has assembled a granular UK commercial property loan portfolio with a nominal value of £397m, codenamed Project Pivot, in the second loan portfolio the bank has brought to market in the last month, CoStar News can reveal. … Continue reading
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Bank of America Merrill Lynch has replaced Macquarie Bank in providing loan on loan debt supporting Lone Star’s acquisition of the circa €200m non-performing European loan portfolio from Société Générale, as the investment bank continues its exit from real estate finance, … Continue reading
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Lone Star has won the nominally valued €200m non-performing loan (NPL) portfolio from Société Générale, marking the private equity real estate giant’s third major European NPL win in four months, CoStar News can reveal. SocGen is understood to have sold … Continue reading
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James Jakeman, the former Lehman Brothers director that joined Société Générale last September, has been hired by Benson Elliot Capital Management to work alongside Phil Irons in directing the firm’s UK activities. Benson Elliot, the independent private equity real estate … Continue reading
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Société Générale’s real estate deleveraging with a €2bn performing global loan book expected to come to market, while second round bids are due this Friday on the circa €500m sub-performing French and German loan book, CoStar News understands. CoStar News … Continue reading
Blackstone, Lone Star and Deutsche Bank are understood to be among the bidders through to the second round of the sale of Société Générale’s €500m real estate loan portfolio, CoStar News understands. Bank of America Merril Lynch is also thought … Continue reading
Société Générale will receive first round bids tomorrow on its €500m circa 25-strong loan portfolio as overall European commercial property loan sales close in on €4.4bn in a busy year of non-performing loan deleveraging. SocGen’s non-performing loan portfolio is expected … Continue reading
