'A Texas shootout' - that is the scenario facing noteholders of the defaulted Opera Uni-Invest CMBS which are due to meet on Tuesday to decide between two competing workout options for the underlying portfolio of Dutch office and logistics assets. In this analysis, PropertyEU outlines the facts and the figures of the portfolio and the options facing noteholders who must choose between a consensual restructuring being proposed by Valad Europe and a credit bid put on the table by TPG/Patron Capital.
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