Bridget O’Connell
-
Finance news in brief – 31 May 2014
Nama has reported weakening profit of €283m – down from €308m – after impairments in the year to March rose to €914m
-
Patron Capital takes a €50m Drive in Ireland
FINANCE: Patron Capital has completed its fourth investment in Ireland, buying the €228m (£186m) Project Drive loan portfolio from Nama.
-
IPF: 2014 returns expectations rise to near 14%
FINANCE: Optimism continues to soar in the UK property sector with total returns of 13.7% now expected this year, reflecting a remarkable 12-month turnaround
-
NAB to sell £700m maiden UK NPL
FINANCE: National Australia Bank has put its first UK non-performing loan portfolio up for sale following a review of its UK book.
-
Finance briefs 24 May 2014
Renshaw Bay in second close Renshaw Bay has completed a second close for its Real Estate Finance Fund, taking total deployable capital to around £270m….
-
PBB refi for Brockton offices
Deutsche Pfandbriefbank has completed its debut loan to Brockton Capital, providing the private equity investor with a £53m facility.
-
UK debt pile shrinks by 9.1% to £180bn
FINANCE: The total value of outstanding debt held against UK commercial property fell by 9.1% to £179.8bn last year…
-
Acquisition finance outstrips restructuring
FINANCE: Increasing confidence in finance availability has seen LTVs rise and acquisition finance outpace restructuring…
-
New debt for Threadneedle
Threadneedle is in talks with investors over extending one of its core-plus funds and is lining up fresh debt for the vehicle.
-
pbb in £53m debut loan to Brockton
FINANCE: Deutsche Pfandbriefbank has provided a £53m facility to Brockton Capital for a Thames Valley and west London office portfolio.
-
JP Morgan & Lone Star grab Octopus
FINANCE: JP Morgan and Lone Star have been selected to buy Commerzbank’s Spanish commercial property loan book and lending platform.
-
ICG toasts record fundraising year
FINANCE: Intermediate Capital Group has reported a record fundraising year across all products in the 12 months to 31 March 2014.