NewRiver to raise £75m
NewRiver Retail aims to raise £75m through a share placing. The retail specialist is to issue 28.3m new shares at 265p each. Commitments in excess of £50m have already been received from institutional investors.
?Mount Street sits atop brief
Mount Street has won a vote to take over the management of €425m (£351m) of loans from Hatfield Philips. It is the first time a primary servicer has been replaced on any European multi-loan securitisation. The move was supported by class A noteholders in the Lehman Brothers Windermere XIV securitisation.
?Nama picks Lone Star
Nama has selected Lone Star to buy its Project Holly portfolio of Irish non-performing loans. The firm is paying around €220m for the NPL, a discount of around 40%. Cushman & Wakefield Corporate Finance advised Nama.
?Europa and Ilex in link-up
Fund manager Europa Capital has entered into a strategic partnership with Beijing-based corporate advisory firm Ilex Partners. The partners aim to work with China’s leading institutional investors, life insurers and developers to help them invest in Europe.
?Picton NAV picks up
Picton Property Income Trust reported a 6.7% hike in net asset value to 53.8p a share in its quarterly trading update to the end of December. The listed trust was boosted by a 3.3% rise in the value of its property portfolio.
Bridget.O’Connell@estatesgazette.com
