Company name Deco 6 - UK Lge Ln 2
Headline UK Lge Ln 2 - Actions Concerning the Mapeley Loan


RNS Number : 1991I
Deco 6 - UK Large Loan 2 plc
20 July 2012
 

RIS NOTIFICATION

To:                                          The Irish Stock Exchange Limited

                                                28 Anglesea Street

                                                Dublin 2

                                                Ireland

Headline:                                Actions Concerning the Mapeley Loan

Date:                                       20 July 2012

Re:                                          DECO 6 - UK Large Loan 2 plc (the "Issuer")

Class A1 Commercial Mortgage Backed Floating Rate Notes due July 2017

Class A2 Commercial Mortgage Backed Floating Rate Notes due July 2017

Class B Commercial Mortgage Backed Floating Rate Notes due July 2017

Class C Commercial Mortgage Backed Floating Rate Notes due July 2017

Class D Commercial Mortgage Backed Floating Rate Notes due July 2017

(together, the "Notes")

 

 

The Notes are admitted to trading on the regulated market of the Irish Stock Exchange Limited.

Directive 2003/6/EC of the European Parliament and of the Council of 28 January 2003 on insider dealing and market manipulation (market abuse), together with implementing Commission Directives 2003/124/EC of 22 December 2003 and 2004/72/EC of 29 April 2004, as implemented by the relevant member states, require disclosure by or on behalf of the Issuer of any inside information concerning the Notes.

Terms used and not defined herein shall have the meaning ascribed to them in the Offering Circular dated 1 December 2005 in relation to the Notes.

The following notice has been prepared by and issued at the request of the Special Servicer.  The Issuer has not independently verified the information contained in this notice

The Issuer hereby gives notice with respect to the Mapeley Loan:

Following the acceleration of the Mapeley Loan and the appointment of Receivers of eighteen of the Mapeley Properties situated in England and Wales (details of which are set out in the notice of 17 July 2012), the Special Servicer appointed Phil Bowers, and John Reid of Deloitte LLP as Receivers of the single Mapeley Property situated in Scotland on 17 July 2012.

On 12 July 2012, a petition was presented to the Supreme Court of Bermuda for the appointment of Phil Bowers of Deloitte LLP and Mark Smith of Deloitte & Touche as Liquidators of Mapeley Acquisition Holding Co. Limited.

The Special Servicer (in conjunction with the Receivers and Liquidators) will appoint Cordatus Real Estate Limited as Mapeley Asset Manager and then implement a programme to improve the performance and value of the Mapeley Properties with a view to disposing of the same on or before the Mapeley Loan Maturity Date.

Hatfield Philips International Limited, as Special Servicer, will continue to monitor the performance of the Mapeley Properties and will update Noteholders of material developments as and when appropriate.

For queries related to the above please contact: investorrelations@hatfieldphilips.com

 

DECO 6 - UK Large Loan 2 plc

 

 

Signature:

 

Name:

 

 

This announcement has been issued through the Companies Announcement Service of

The Irish Stock Exchange.

 

 


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