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Mapeley, the real estate investor majority-owned by Fortress Investment Group, has lost control over a further 16 assets of its UK property empire after special servicer Solutus Advisors appointed First Investments as LPA receiver over the underwater securitised loan. Carrie … Continue reading
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Kennedy Wilson has emerged as the winning bidder for the 29-strong Ruby portfolio paying £57.5m, bringing to a closure the fate of the widely-contested former Alburn Real Estate portfolio. Savills, the LPA receiver appointed by primary servicer Rothschild on the … Continue reading
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Solutus Advisors has opened up a German base in Frankfurt to expand its European commercial property loan servicing business, ahead of a frenetic year ahead for CMBS loan maturities in the UK and in Europe. Tim Schuy has been recruited … Continue reading
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Pearsanta, the special purpose vehicle established by Vincent Barratt, has abandoned the High Court challenge against N M Rothschild & Sons and US Bank Trustees Limited over the appointment of Solutus Advisors as special servicer on the defaulted Alburn Real … Continue reading
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Arco Capital Corporation, the real estate and structured finance investment company, is attempting to secure an loan extension at the third attempt on the €76m debt secured by Bulgaria’s €97m-valued Sofia business park, following the appointment of the second special … Continue reading
Vincent Barrett’s Pearsanta has begun High Court proceedings to legally sanction the appointment of Solutus Advisors as special servicer on the Alburn Real Estate Capital 6 CMBS, which secures Noel Smyth’s £120m UK secondary property portfolio, CoStar News can reveal. … Continue reading
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Pearsanta’s attempt to appoint Solutus Advisors as special servicer on Noel Smyth’s 45-strong Alburn Real Estate UK secondary portfolio has been blocked by class A noteholders, in final twist which looks to cement the current LPA receivership route set in … Continue reading
