Recovery
General Healthcare spirals towards £700m debt black hole
Hospital operator attempts restructuring of boom-fuelled £2.1bn debt.
Confidence returns across entire UK property market
Latest Lloyds Bank Commercial Banking Commercial Confidence Monitor shows positivity in all parts of industry for first time in three years. David Hatcher reports
US private equity on board as IVG debt deadline looms
Restructuring could indicate how next stage of downturn will play out. Mike Phillips reports
Secondary life for Kenmore managers under German owner
Patrizia Immobilien takes over Rob Brook’s Tamar as it buys regional offices with asset management angles. David Hatcher reports
US REITs flock to £1.2bn Barchester assets
A debt sale earlier this month has raised the prospect of a battle between a group of huge US REITs for the £1.2bn portfolio of one of the UK’s biggest carehome owners.
Kallakis sentence increased
The Court of Appeal has increased the sentences of Achilleas Kallakis from seven years to 11, saying that sentence is the “just and proportionate” sentence for his part in a £740m fraud.
Lloyds confirms portfolio sale
Lloyds Banking Group has confirmed the sale of the £527m loan portfolio to Cerberus Global Investments, as revealed by PropertyWeek.com on Wednesday.
Wells Fargo revives top UK lender with £4bn Eurohypo buy
Commerzbank’s UK property team transferred in largest debt sale of downturn so far. Nick Johnstone reports
From the archive: Kenmore's Collapse
The administration: What’s in and out
The holding companies of the group, Kenmore Property Group and Kenmore Investments, have been placed in administration and receivership respectively