IVG’s ‘Gherkin’ trophy asset in London falls into receivership

first_imgIVG Immobilien’s ongoing restructuring plan has taken another twist with the appointment of Deloitte as receiver on its ‘Gherkin’ office tower in London.With the property’s loan-to-value ratio having risen above 90% and well above its 67% LTV covenant, it was put into administration last week.IVG’s tranche of the loan is in Swiss francs, which has appreciated against sterling by more than 60%.IVG has a 50% stake in the property, held in the Euroselect 14 fund, with Evans Randall as equal partner. The joint venture paid £630m (€765m) for the 41-storey building in 2007, using £400m of debt.In a statement, Evans Randall said it had equity “ready to invest” but was unable to do so due to uncertainties surrounding IVG’s future.Last month, IVG Immobilien’s creditors and shareholders approved an insolvency plan for the company that included a debt-for-equity swap – taking IVG off the stock market.In total, the company has €3.2bn in debt to restructure.An insolvency ratio of at least 60% must be paid to non-subordinated unsecured creditors.Pending court approval, implementation of the capital measures could then begin, with insolvency proceedings lifted by year-end.last_img read more

NFL Week 13 coverage map: TV schedule for CBS, Fox regional broadcasts

first_img (506sports) https://images.daznservices.com/di/library/sporting_news/7e/36/cbs-late-week-13-100119_1uhtg76ljea7y17gqdsj9xss0v.png?t=-1075434986&w=500&quality=80 The NFL coverage map for Week 13 makes clear what CBS and Fox consider the best games Sunday’s NFL TV schedule has to offer. That’s especially the case this week.CBS will present Browns vs. Steelers to what might as well be a national TV audience for a 1 p.m. ET Sunday game. Only a handful of markets in which local teams are playing on CBS will be presented something other than the game in Pittsburgh. Likewise, the network is going strong on Chiefs vs. Raiders in the late Sunday afternoon slot. TV schedule for NFL Week 13 gamesCBS coverageBrowns at Steelers (1 p.m. ET)Redskins at Panthers (1 p.m. ET)Titans at Colts (1 p.m. ET)Jets at Bengals (1 p.m. ET)Raiders at Chiefs (4:25 p.m. ET)Chargers at Broncos (4:25 p.m. ET)Fox coverage49ers at Ravens (1 p.m. ET)Packers at Giants (1 p.m. ET)Eagles at Dolphins (1 p.m. ET)Buccaneers at Jaguars (1 p.m. ET)Rams at Cardinals (4:05 p.m. ET)List of Week 13 NFL games by TV market(TV markets listed in order by size)MarketCBS earlyFox earlyCBS lateFox lateNew YorkJets at BengalsPackers at GiantsRaiders at Chiefs-Los AngelesBrowns at Steelers-Chargers at BroncosRams at CardinalsChicagoBrowns at SteelersPackers at GiantsRaiders at Chiefs-PhiladelphiaBrowns at SteelersEagles at DolphinsRaiders at Chiefs-Dallas-Ft. WorthBrowns at Steelers49ers at RavensRaiders at Chiefs-San Francisco/Bay areaBrowns at Steelers49ers at RavensRaiders at Chiefs-Washington D.C.Redskins at Panthers49ers at RavensRaiders at Chiefs-HoustonTitans at Colts49ers at RavensRaiders at Chiefs-BostonBrowns at Steelers49ers at RavensRaiders at Chiefs-AtlantaBrowns at Steelers49ers at RavensRaiders at Chiefs-PhoenixBrowns at Steelers–Rams at CardinalsTampa/St. PetersburgBrowns at SteelersJaguars at BuccaneersRaiders at Chiefs-SeattleBrowns at Steelers49ers at RavensRaiders at Chiefs-DetroitBrowns at Steelers49ers at RavensRaiders at Chiefs-Minneapolis-St. PaulBrowns at SteelersPackers at GiantsRaiders at Chiefs-MiamiBrowns at SteelersEagles at DolphinsRaiders at Chiefs-DenverBrowns at Steelers49ers at RavensChargers at Broncos-OrlandoBrowns at SteelersJaguars at BuccaneersRaiders at Chiefs-ClevelandBrowns at Steelers-Raiders at ChiefsRams at CardinalsSacramentoBrowns at Steelers49ers at RavensRaiders at Chiefs-CharlotteRedskins at Panthers-Raiders at ChiefsRams at CardinalsPortlandBrowns at Steelers49ers at RavensRaiders at Chiefs-St. LouisBrowns at Steelers49ers at RavensRaiders at Chiefs-PittsburghBrowns at Steelers-Raiders at ChiefsRams at CardinalsIndianapolisTitans at Colts-Raiders at ChiefsRams at CardinalsBaltimoreRedskins at Panthers49ers at RavensRaiders at Chiefs-Raleigh-DurhamRedskins at Panthers49ers at RavensRaiders at Chiefs-NashvilleTitans at Colts49ers at RavensRaiders at Chiefs-San DiegoBrowns at Steelers49ers at RavensChargers at Broncos-Salt Lake CityBrowns at Steelers49ers at RavensRaiders at Chiefs-San AntonioBrowns at Steelers49ers at RavensRaiders at Chiefs-Kansas CityBrowns at Steelers49ers at RavensRaiders at Chiefs-ColumbusBrowns at Steelers-Raiders at ChiefsRams at CardinalsMilwaukeeBrowns at SteelersPackers at GiantsRaiders at Chiefs-CincinnatiJets at Bengals-Raiders at ChiefsRams at CardinalsLas VegasBrowns at Steelers49ers at RavensRaiders at Chiefs-Jacksonville-Jaguars at BuccaneersRaiders at Chiefs-Oklahoma CityBrowns at Steelers49ers at RavensRaiders at Chiefs-New OrleansBrowns at Steelers49ers at RavensRaiders at Chiefs-MemphisTitans at Colts49ers at RavensRaiders at Chiefs-BuffaloBrowns at Steelers49ers at RavensRaiders at Chiefs- Late CBS games Early and late Fox gamescenter_img MORE: Watch NFL Week 13 games live with fuboTV (7-day free trial)As for Sunday’s games on Fox, a predictably massive amount of the country will be presented 49ers vs. Ravens, the best game of Week 13.There are two TV market blackouts in Week 13. The Phoenix area will not get a late Sunday afternoon game on CBS due to the Cardinals playing on Fox in the same window, and the Jacksonville market will not get an early CBS game due to the Jaguars playing on Fox.Below are the full NFL coverage maps for Week 13, plus a list of major TV markets and the CBS and Fox games that will be presented in each on Sunday.WEEK 13 NFL PICKS:Against the spread | Straight-up predictionsNFL coverage map Week 13(NFL coverage maps courtesy of 506sports.com)Early CBS games (506sports) https://images.daznservices.com/di/library/sporting_news/c4/87/fox-week-13-200119_i6latwk3zlgp14hltwq4gplxy.png?t=-1075382282&w=500&quality=80 (506sports) https://images.daznservices.com/di/library/sporting_news/9a/fc/cbs-early-week-13-120119_py11ewtp0pqp19tb2ftozidpj.png?t=-1075483266&w=500&quality=80last_img read more

MAN REPEATEDLY TOLD GARDAÍ TO F**K OFF AFTER ALTERCATION

first_imgA man who repeatedly told Gardaí to ‘F**k off’ following an altercation involving his friends has been fined. Conor Mallon, 20, with an address at Cross, Eglinton, Co. Derry appeared at Letterkenny District Court yesterday morning in relation to the incident which occurred on October 25th, 2015. The court heard how the defendant became embroiled in the exchange with Gardaí – following an incident with the groups of friends he was with.Gardaí were attempting to resolve a row that had broken out – when Mr Mallon starting to berate the Gardaí.Mr Mallon, who was extremely intoxicated at the time repeatedly told Gardaí to ‘F**k off’ and said, ‘F**k you, F**k you’ when asked to leave the scene.Mr Mallon continued the tirade and Gardaí were left with no option but to arrest him.Solicitor for the defendant Patsy Gallagher told the court his client apologies profusely for his actions – and deeply regretted the incident.Gallagher said, “He fully accepts that the other parties in the group he was with got involved in a situation – and that he should’ve stayed out of it.“He apologies profusely for his actions and was highly intoxicated at the time and that affected his judgement.“He’s 20 years of age, and is an apprentice foreman in the construction industry.“He has no previous convictions here and has none in Northern Ireland either.Judge James Faughnan ordered the defendant to make a donation of €350 to Pieta House, Letterkenny.MAN REPEATEDLY TOLD GARDAÍ TO F**K OFF AFTER ALTERCATION was last modified: January 19th, 2016 by Mark ForkerShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:AbusiveCONOR MALLONcourtsdonationdrunkGardainewsPatsy GallagherTiradelast_img read more