Property group refinancing hit by errors - Financial Times

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By Daniel Thomas in London and Daniel Schäfer in Frankfurt

Published: May 26 2011 20:53 | Last updated: May 26 2011 20:53

Attempts to refinance Europe’s largest single securitised loan backing a German residential property company controlled by Guy Hands’ Terra Firma are being stalled by flaws in the debt’s documentation.

Deutsche Annington, acquired by Terra Firma 11 years ago, has just over two years to refinance €5.1bn ($7.2bn) of debt set to mature against a backdrop of credit-starved property markets across Europe. See also - Mortgage Refinance Online Reviews .

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