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Sign Of The Times: A Hong Kong-Based Owner Is Walking Away From  A £270M London Office Building
News

Sign Of The Times: A Hong Kong-Based Owner Is Walking Away From A £270M London Office Building

... are in the nearby 500K SF 25 Bank St. The company that owned the building ... that it had been appointed by senior lender Lloyds.  “The senior loan facility was due to ... renamed ‘Asia Center.’ “The rental income and bank loan ratio of No. 5 Churchill Square have ...

Jul 27, 2023
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Battersea Power Station Defied Bankruptcy — But Its Nine Elms Home Draws Fire
News

Battersea Power Station Defied Bankruptcy — But Its Nine Elms Home Draws Fire

... the border of Wandsworth and Lambeth boroughs on the south bank of the Thames, with Vauxhall station at one end and ... the coronavirus pandemic.  Bankruptcy And Sale When Lloyds, and its lending parter, Allied Irish Bank, decided to call time on REO’s ...

Dec 12, 2021
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Loan Impairment Losses Jump At UK’s Biggest Property Lenders
News

Loan Impairment Losses Jump At UK’s Biggest Property Lenders

... the two largest lenders to UK commercial property. Last week Lloyds Banking Group took a £1.4B provision against potential losses ... loans when it reported first quarter 2020 results, and Royal Bank of Scotland took an £802M provision.  The provisions were not ...

May 04, 2020
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London Office Bought For £410M Goes Into Receivership
News

London Office Bought For £410M Goes Into Receivership

... against it. The loan was provided by Lloyds Banking Group and matured in October but was ... 270M. The lender to the asset, also Lloyds, had been looking to sell a £175M ... office is the nearby 500K SF 25 Bank Street. Mingtiandi reported that Cheung Kei released ...

Jun 13, 2023
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Nuveen Set To Refinance £150M London Loan As Another £270M Office Goes Into Administration
News

Nuveen Set To Refinance £150M London Loan As Another £270M Office Goes Into Administration

... 2017 for £270M. The lender to the asset, Lloyds Banking Group, had been looking to sell a ... London office is the nearby 500K SF 25 Bank Street. JLL has been appointed to sell the ... The loan was also provided by Lloyds and matured in October but was not repaid.

May 24, 2023
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European Banks Hit By Fears About U.S. Real Estate
News

European Banks Hit By Fears About U.S. Real Estate

... on its property loans.  Investment bank Natixis said in a research report ... days, other international banks, including Deutsche Bank and Japan’s Aozora, reported significant ... UK’s two largest property lenders, Lloyds and NatWest, have virtually no disclosed ...

Feb 07, 2024
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Value Falls On £425M Pair Of London Offices Prompt Loan And Building Sales
News

Value Falls On £425M Pair Of London Offices Prompt Loan And Building Sales

... against it. The loan was provided by Lloyds Banking Group and matured in October but was ... Place just afterward in 2017 for £270M. Lloyds is now looking to sell a £175M loan ... London office is the nearby 500K SF 25 Bank Street. Signs of stress in the London ...

Mar 27, 2023
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LondonMetric
News

LondonMetric Makes £79M Of Portfolio Acquisitions: The London Deal Sheet

... a statement. FUNDING JRL Group and Housing Growth Partnership, a Lloyds-backed equity investor in the UK living sector, have formed ... 15-year lease at Tide Bankside on London’s South Bank district. CBRE advised Waterman. Managed on behalf of Barings’ second ...

Sep 11, 2025
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Industrial and logistics
News

This Week's London Deal Sheet

... 's emerging Industrial Strategy.”  DEALS Citra Living, part of Lloyds Banking Group, has acquired 821 UK rental homes from Gatehouse ... Living Group, a wholly owned subsidiary of Gatehouse Bank. The homes are spread across nine schemes in Greater ...

Oct 16, 2024
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Bank of England
News

UK Banks OK, But U.S. And China Property Woes Could Hit Market, BoE Says

... limited so far, but significant downside risks remain, the Bank said. “The Chinese authorities have provided support but the ... countries.” The two largest domestic lenders to UK CRE, Lloyds Banking Group and NatWest, do not have any significant exposure ...

Mar 28, 2024
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