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Cerberus wins NAB’s Project Chestnut UK portfolio for circa £485m

Cerberus Capital Management has won National Australia Bank’s (NAB) Project Chestnut UK non-performing loan portfolio for around £485m, CoStar News has learned.
By James Wallace
25 July 2014 | 12:08

Project Chestnut’s £674m original unpaid balance would imply an approximate 28% discount.

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News | Cerberus wins NAB’s Project Chestnut UK portfolio for circa £485m