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Next Issue Monday
13 September 2010
Featured Events
- CoreNet Global Summit
27-29 September 2010
London, UK
- Commercial Real Estate Finance Council Europe
25-26 October
London, UK
- MAPIC 2010
17-18-19 November 2010
Cannes, France
Colony, Orion buy Goldman Sachs part of Colonial e4.2bn loan
Two private equity and opportunity funds, Colony Capital and Orion Capital Managers, have acquired from Goldman Sachs its portfion of a e4.2bn syndicated loan in rapidly restructuring Spanish listed group Inmobiliaria Colonial. Neither Colony nor Orion gave no further financial details, or the percentage of face value paid for the debt, but said they are, "confident in the excellent quality of Colonial's real estate portfolios in Spain and France and in the strength of the group's management. Colony and Orion are therefore supportive of the current restructuring process." (See upcoming PIE/PFE editions for full story)