VIEWPOINT UNITED KINGDOM, APRIL 2018
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1 VIEWPOINT UNITED KINGDOM, APRIL 2018
2 INTRODUCTION CBRE Limited 2
3 CBRE Limited 3
4 Total Consideration ( millions) VIEWPOINT April 2018 FIGURE 3: TRANSACTIONS CLOSED 120, Value (CRE) Value (Residential) , ,000 60,000 40,000 20,000 52,049 50, ,862 16,889 61,077 39, Number of Transactions 0 Source: CBRE Capital Advisors CBRE Limited 4
5 Total Considerations ( Million) VIEWPOINT April 2018 FIGURE 4: AVERAGE TRANSACTION SIZE BY UNPAID PRINCIPAL BALANCE 2,500 Value (CRE) Value (Residential) 2,000 1,500 1,000 2,403 1, Source: CBRE Capital Advisors, CBRE Limited 5
6 CBRE Limited 6
7 Top Buyers Transactions Closed ( '000) Top Sellers Transactions Closed ( '000) Blackstone 46,195 Santander 30,000 Fund Atlante 19,680 Banca Monte dei Paschi di Siena (BMPS) 16,000 Cerberus Capital Management 19,631 UK Asset Resolution Limited 15,000 Bain Capital 3,744 BBVA 14,200 PIMCO/Goldman Sachs 1,744 NAMA 4,275 Waterfall Asset Management 1,457 UniCredit 2,225 Credito Fondiario (Fonspa) 1,200 Caricesana 2,135 Algebris Investments 1,073 Intesa Sanpaolo 2,001 Seer Capital Management 900 Banca Carige 1,950 Davidson Kempner 805 Danske Bank 1,744 Top Buyers Transactions Closed ( '000) Top Sellers Transactions Closed ( '000) Fund Atlante 19,680 Banca Monte dei Paschi di Siena (BMPS) 16,000 Cerberus Capital Management 18,863 BBVA 13,300 Bain Capital 2,642 NAMA 4,230 Waterfall Asset Management 1,457 Caricesana 2,135 Credito Fondiario (Fonspa) 1,200 Intesa Sanpaolo 2,001 Algebris Investments 1,073 UniCredit 1,993 Seer Capital Management 900 Banca Carige 1,950 Davidson Kempner 805 Creval 1,579 D.E.Shaw 803 CaixaBank 1,473 Canada Pension Plan 794 Banco Sabadell 994 CBRE Limited 7
8 Top Buyers Transactions Closed ( '000) Top Sellers Transactions Closed ( '000) Blackstone 45,700 Santander 30,000 PIMCO/Goldman Sachs 1,744 UK Asset Resolution Limited 15,000 Bain Capital 1,102 Danske Bank 1,744 Goldman Sachs 800 BBVA 900 Cerberus Capital Management 768 Cerberus Capital Management 716 Metro Bank 716 Liberbank 602 Deutsche Bank 375 SAREB 525 Alter Domus 264 Ibercaja Banco 500 Fortress Investment Group 234 Banco Popular 400 Chenavari 160 Allied Irish Bank 400 CBRE Limited 8
9 CBRE Limited 9
10 CBRE Limited 10
11 Blackstone 15,000 UK Asset Resolution Limited 15,000 Metro Bank 716 Cerberus Capital Management 716 Aprirose 630 Blackstone 552 CBRE Limited 11
12 CBRE Limited 12
13 CBRE Limited 13
14 CBRE Limited 14
15 CBRE Limited 15
16 CBRE Limited 16
17 United Kingdom Anurag Sharma Head of Loan Advisory Capital Advisors Jack Dolan Senior Analyst Capital Advisors Ireland Andy Tallon Senior Director Debt & Structured Finance Netherlands Robert-Jan Peters Executive Director Debt & Structured Finance Spain Iñigo Laspiur Oteiza Director Corporate Finance Italy Martina Muehlhofer Head of Capital Advisors Italy Portugal Francisco Horta e Costa Managing Director CBRE Portugal francisco.hortaecosta@cbre.com CBRE CAPITAL ADVISORS The team offers independent Capital Markets advice, founded on deep financial expertise and global real asset insight, creating solutions clients trust. The team provides the full range of corporate, structured finance and capital raising services, together with investment advice for funds, portfolios, individual properties, indirect ownership services and complex situations. Our team in EMEA includes accountants, financial analysts, fund managers and property professionals. Our Loan Advisory team advises on the sale, acquisition, valuation and workout of both performing and non-performing loans. The team has acted as loan sale advisor and buy side advisor on Europe s most high profile NPL portfolios. Our experienced international experts offer a unique combination of real estate and debt advisory expertise. We have also managed many of Europe s most difficult CMBS and balance sheet loan workouts, with market leading restructuring techniques achieving premium returns for our clients. For more information visit DISCLAIMER 2018 CBRE Capital Advisors Limited is an appointed representative of CBRE Indirect Investment Services Limited which is authorised and regulated by the Financial Conduct Authority. Information contained herein, including projections, has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to confirm independently its accuracy and completeness. This information is presented exclusively for use by CBRE clients and professionals and all rights to the material are reserved and cannot be reproduced without prior written permission of CBRE. CBRE Limited 17
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