US private equity firm Lone Star has bought 50% of the EUR 1.8 bn Excalibur portfolio from Germany's central bank and is in exclusivity to buy the bulk of the remaining loans, according to a report from property wire CoStar Finance. It is unclear how much Lone Star will pay for the loans but the 40% discount it agreed for Project Royal last year is understood to be a fair guide.
Westland Shopping Centre in the Brussels neighbourhood of Anderlecht may be up for sale, according to Belgian media reports.
