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VALAD set to be appointed asset manager on Propinvest Gemini portfolio
VALAD Europe, the asset manager majority-owned by Blackstone, is set to be appointed as asset manager on Propinvest’s 35-strong Gemini portfolio on a long-term workout, CoStar News can reveal. CBRE...
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Cerberus to pay £315m for Project Thames NPL financed by Nomura
Cerberus Capital Management has won its first European non-performing loan portfolio (NPL) from Lloyds Banking Group, after emerging as the highest bidder on Tuesday for the bank’s Project Thames...
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Lloyds readying flurry of year-end loan portfolio sales
Lloyds Banking Group is preparing to shift as many as another five commercial property loan portfolios before the end of the year, as part of a wider effort by the bank to reduce its total non-core...
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Nationwide selects Project Adelaide finalists as NPL sales build momentum
Nationwide has selected three private equity funds to progress to the second and final stage of the bidding process for the granular Project Adelaide German commercial property loan portfolio, as the...
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Aviva selects three finalists to compete for £2.7bn Project Churchill UK loan...
Aviva has narrowed the search for a buyer for its final clean up trade of legacy UK commercial property loans in the £2.7bn Project Churchill portfolio, secured by just over 1,000 UK commercial...
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Goldman Sachs, CarVal Investors and BoI win Lloyds’ Project Poseidon for €1.2bn
Goldman Sachs, CarVal Investors and Bank of Ireland have shared the spoils of Lloyds Banking Group’s final Irish commercial property loan portfolio, paying £827m (€1.18bn) for Project Poseidon,...
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European loan portfolio market to brush off China-led volatility to close...
European real estate loan sales this year are unlikely to be materially disrupted by the current China-led volatility gripping global markets, predicts Deloitte, with around €80bn worth of loan...
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Lone Star pays near £2.25bn for Project Churchill financed by Citi and Morgan...
Lone Star has paid approaching £2.25bn for one of the last major UK real estate loan portfolios, Aviva’s Project Churchill, secured by more than 1,000 commercial properties nationwide, edging out...
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Colony Capital completes £311m all cash Gemini swoop after Värde Partners’...
Colony Capital exchanged contracts on Friday night to acquire the remaining Gemini UK commercial property portfolio for £311m, after Värde Partners’ exclusivity period expired 10 days ago, CoStar News...
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Lone Star completes £2.3bn Project Churchill win in largest NPL deal of the year
Lone Star yesterday completed the £2.3bn acquisition of Aviva’s final major UK loan portfolio sale, Project Churchill, in the largest NPL trade in Europe this year. JPMorgan, which backed Oaktree in...
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