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Pearsanta attempts to replace Hatfield with Solutus on Noel Smyth’s Alburn CMBS
Vincent Barrett’s Pearsanta is trying to appoint Solutus Advisors as special servicer on Noel Smyth’s Alburn REC 6 CMBS to replace Hatfield Philips, in yet a further twist in Europe’s most elaborate...
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Solutus Advisors takes control of Smyth’s Alburn sell-off
Royal Bank of Scotland is expected to ratify the appointment of Solutus Advisors as special servicer on Noel Smyth’s 45-strong Alburn Real Estate Capital, in a final attempt to influence the asset...
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Bondholders block Solutus’ on Alburn CMBS
Pearsanta’s attempt to appoint Solutus Advisors as special servicer on Noel Smyth’s 45-strong Alburn Real Estate UK secondary portfolio has been blocked by class A noteholders, in final twist which...
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Pearsanta takes Noel Smyth’s Alburn battle to the High Court
Vincent Barrett’s Pearsanta has begun High Court proceedings to legally sanction the appointment of Solutus Advisors as special servicer on the Alburn Real Estate Capital 6 CMBS, which secures Noel...
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Arco Capital aims for third time lucky on CMBS Sofia loan extension
Arco Capital Corporation, the real estate and structured finance investment company, is attempting to secure an loan extension at the third attempt on the €76m debt secured by Bulgaria’s €97m-valued...
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Pearsanta abandons High Court challenge over Noel Smyth’s Alburn CMBS
Pearsanta, the special purpose vehicle established by Vincent Barratt, has abandoned the High Court challenge against N M Rothschild & Sons and US Bank Trustees Limited over the appointment of...
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Solutus Advisors opens Frankfurt office in European expansion drive
Solutus Advisors has opened up a German base in Frankfurt to expand its European commercial property loan servicing business, ahead of a frenetic year ahead for CMBS loan maturities in the UK and in...
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Kennedy Wilson buys Ruby portfolio for £57.5m
Kennedy Wilson has emerged as the winning bidder for the 29-strong Ruby portfolio paying £57.5m, bringing to a closure the fate of the widely-contested former Alburn Real Estate portfolio. Savills, the...
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Fitch withdraws Solutus’ rating over ‘incorrect and misleading information’
Fitch Ratings has withdrawn its ratings for Solutus Advisors citing that the commercial property loan servicer had provided “incorrect and misleading information during the initial rating process”. In...
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Solutus appoints First Investments as LPA receiver on Mapeley’s Beta portfolio
Mapeley, the real estate investor majority-owned by Fortress Investment Group, has lost control over a further 16 assets of its UK property empire after special servicer Solutus Advisors appointed...
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Solutus to begin Beta portfolio sale process after C&W’s £191.4m new valuation
Solutus Advisors will begin marketing the 16-stong Beta UK regional property portfolio, which includes Reading’s Microsoft Campus, this summer after a new Cushman & Wakefield valuation reveals a...
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Tim Knowles offers £88m DPO for Lea Valley loan following event of default
Tim Knowles, the property investor and borrower behind Lea Valley, has proposed a revised offer to win back control of the 24-strong property portfolio through his real estate investment, asset...
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Tim Knowles wins back Lea Valley loan in £88m DPO from Solutus Advisors
Tim Knowles, the property investor and borrower behind the Lea Valley securitised loan, has been successful in acquiring the distressed 24-strong portfolio through his First Investments Limited firm in...
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Tim Knowles finances Lea Valley DPO with £73m finance package from Aviva...
Tim Knowles has closed the purchase and financing the 24-strong regional industrial Lea Valley portfolio, which he used to own directly, financed with a mixture of senior and mezzanine financing....
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