October 2015 Issue

    Month: October
    Year: 2015

    Back to Print Editions

    Kildare gains ground as GE turns off lights in Germany

    UK private equity firm expands in Germany via GE loans-and-assets deal

    Private party in high-risk space as banks turn away

    Blackstone and TPG move into gap as regulation forces US banks back

    CMBS is new Sears offer as Seritage bids to save chain

    JPMorgan issue is part of REIT’s rescue package for ailing US retailer

    London’s luxury housing market is still in its prime

    Demand from overseas investors means high-end London residential property is still a safe bet for investment, says Colin Sanders, CEO of  prime real estate lender Omni Capital London can take it”; four words that carried much weight in the dark days of 1940. Then, of course, they referred to the Luftwaffe’s aerial assault on the […]

    Bad deal drafting in good times is courting trouble

    As the finance market booms again, quality of documentation can suffer in the rush to close deals. But recent cases highlight the danger of this, say Georgina Squire, head of dispute resolution and James Walton, commercial real estate finance partner at Rosling King

    CAPITAL WATCH: Recent lending deals

    • The largest UK loan during the period, and one of the largest this cycle, was Citi’s and Morgan Stanley’s £1.5bn, five-year facility to Lone Star for its £2.2bn purchase of Aviva’s Project Churchill loans and real estate portfolio. Each bank will provide £750m and they are expected to syndicate part of their loans. • Blackstone joined Secure Income REIT’s £587m refinancing […]

    Letter from Jersey: funds prepare to claim passport to EU expansion

    As an IFC, Jersey has an enviable array of fund managers creating and administering funds spanning a wide range of asset classes, including real estate debt. With a large slice of Jersey’s economy dependent on the fund management industry, many Jersey-based professionals have been monitoring the development and implementation of the Alternative Investment Fund Managers Directive (AIFMD) with keen interest.