Lone Star Funds and Irish homebuilder Cairn Homes submitted indicative offers for a portfolio of Royal Bank of Scotland loans backed by land earmarked for homes in Dublin.
Centerbridge Partners LP was also among bidders for the package of loans known as Project Clear.
Project Clear is made up of loans secured against 1,850 acres of zoned land, with room for 20,000 houses and apartments, according to one person. The land represents 17 percent of...
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