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Cerberus leads buyers of distressed property debt in Europe

Wednesday, October 7, 2015 - 05:50

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A customer exits a Banco de Sabadell SA bank branch in Barcelona, Spain. European banks are selling real estate loan books as they repair balance sheets damaged during the financial crisis.

Madrid

CERBERUS Capital Management LP was the biggest buyer of distressed real estate debt in Europe through the first nine months of the year, closing eight deals with an original face value of 7.69 billion euros (S$12.3 billion), according to Cushman & Wakefield Inc.

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