Anna Devine

The US private debt manager plans to wind down the Granite securitisation underpinning financing for £7.5 billion of the loans.

A handful of bidders have been shortlisted for the €7.2 billion Project Arrow loan book, the largest portfolio put up for sale by NAMA yet.

All 99 members of the Local Government Pension Scheme can appoint any of the four shortlisted managers under a newly created framework.

The credit affiliate of HIG Capital has purchased two portfolios of nine industrial properties in the Netherlands for approximately €44 million.

The credit affiliate of HIG Capital has made its first NPL investment in Italy, acquiring a portfolio from Italian bank Cassa de Risparmio di Ravenna.

The financing, arranged by real estate debt specialist Laxfield Capital, represents the first UK deal for insurance giant MetLife and the US-based Greystar Real Estate.

The US-based private equity firm has seen off bids from four other suitors offering around €1 billion for the €1.8 billion book.