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Bids in tomorrow for SocGen’s €500m NPL portfolio
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...
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UPDATED: Second round bidders vying for SocGen’s €500m loan portfolio emerge
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....
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SocGen to sell nearly €3bn in three property loan portfolios
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...
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James Jakeman joins Benson Elliot
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...
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Lone Star wins €200m SocGen NPL and nears Excalibur closing
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,...
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BAML replaces Macquarie Bank on Lone Star’s €200m SocGen NPL
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...
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Allied Irish Bank assembles £400m Project Pivot UK loan portfolio
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...
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AXA Real Estate in talks to buy €1.2bn of SocGen performing loans
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...
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Pricing guidance for Goldman’s €363m Gallerie implies profitable CMBS
Pricing guidance for Goldman Sachs’ anticipated €363m Italian CMBS, Gallerie 2013 S.r.l., was published this morning implying an expected weighted average coupon on the triple-tranche securitisation of...
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Grosvenor secures competitive Liverpool ONE refinancing as shopping centre...
Grosvenor, the real estate company owned by the Duke of Westminster, has refinanced the 2.4m sq ft Liverpool ONE shopping centre with a seven-year £410m loan from a five-strong club of banks....
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