Tag Archives: Starwood Capital

Davidson Kempner hires Starwood Capital distressed debt specialist

Davidson Kempner, the US hedge fund, is expanding its European real estate debt team with the hire of Starwood Capital’s Romain Ferron. Ferron leaves Starwood after almost four years working as a distressed real estate debt specialist at the end … Continue reading

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NAMA provides €120m vendor finance on Starwood’s Project Aspen win

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NAMA has confirmed the sale of the €810m Project Aspen to a Starwood Capital-led consortium structured with just under 60% vendor finance over five years and in a Project Isobel-esq joint venture structure. Starwood Capital’s three-strong consortium – which also … Continue reading

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Starwood wins NAMA’s Project Aspen NPL paying less than €200m

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Starwood Capital has won NAMA’s €810m Project Aspen Irish commercial property non-performing loan (NPL) portfolio and is expected to pay less than €200m, in both the first major loan portfolio sale by Ireland’s bad bank and the private equity firm’s … Continue reading

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Eurohypo UK loan book sale: chronology of an unlikely £4bn trade

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Commerzbank is targeting an end of the second quarter closing for the sale of the £4bn UK Eurohypo commercial property loan book to Wells Fargo and Lone Star, accelerating the permanent senior debt lending retreat of Germany’s second largest bank. … Continue reading

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Bids submitted for Eurohypo’s £4bn UK commercial property loan book

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Four separate bids were finally submitted over the weekend to Commerzbank for the formerly-named Eurohypo’s circa £4bn UK commercial real estate loan book. Wells Fargo and Lone Star have teamed up to bid for performing and sub-performing pools, respectively, while … Continue reading

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Starwood and PIMCO’s bids for NAMA’s Project Aspen above 75% discount

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Starwood Capital and PIMCO submitted final bids last week for NAMA’s €810m Project Aspen pricing the Irish non-performing loan (NPL) below €190m, which would reflect at least a 76.5% discount. Project Aspen is comprised of 30 commercial property loans which … Continue reading

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Existing lenders compete to buy Blackstone’s former Interhotel group

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Brookfield Asset Management, Benson Elliot and i-Star Financial are expected to be among bidders to submit offers at the end of March for Blackstone’s insolvent Deutsche Interhotel (DIH) group, the 10-strong hotel portfolio in Eastern Germany which is expected to … Continue reading

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Wells Fargo and Lone Star vie with Starwood for Eurohypo’s €5bn UK loan book

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Wells Fargo has teamed up with Lone Star to compete against Starwood Capital to acquire Eurohypo’s circa €5.2bn UK real estate loan book from Commerzbank, CoStar News understands. The two prospective buyers are understood to be frontrunners in a sales … Continue reading

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