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Solutus lays out restructure of Mapeley Gamma Loan after 10-20% fall in portfolio’s value

Solutus Advisors, in its role as special servicer to the Mapeley Gamma Loan secured by a 25-property UK portfolio, has agreed a three-year restructuring of the facility following a 10-20% post-referendum fall in the value of the assets.
By James Buckley
October 24, 2016 | 7:28 P.M.

JLL valued the portfolio, which has a net rental income of £13.36m and a WARLT of 2.17 years, at £123.19m in March. However, immediately after the UK’s vote to leave the EU, JLL subsequently valued the portfolio at £98.6 - £110.9m, reflecting a 10-20% decline on the March valuation.

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