The special services division of German financier Eurohypo is selling its Dutch Uni-Invest office portfolio, PropertyEU reports. It has received seven indicative cash bids for the €865 million portfolio in the Netherlands, and is looking to get binding bids by mid-December. The forced sale follows collapsed refinancing talks between Eurohypo and bondholders of the Opera Finance commercial mortgage-backed securities facility underpinning the assets. Eurohypo had been seeking to sell the portfolio since Dutch real estate investment fund Uni-Invest defaulted on a senior loan balance target. Uni-Invest’s €752 million debt load will mature in February. Cairn Capital is financial adviser for the deal.
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