One of the City of London’s most iconic towers, the Aviva Tower, was sold yesterday, completing the first winding down of a complicated commercial mortgage-backed security. The deal was led by a former Deutsche Bank loan specialist, Paul Lloyd, and a real estate debt restructurer, Paul Lewis, making them our “dealmakers of the week”.
Lewis and Lloyd work at CB Richard Ellis Loan Services unit, a relatively new business set up just over two years ago by the real estate consultancy as it foresaw an increasing number of securitised debt-breaches that would have to be unwound following the financial crisis.