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European banks seen selling 70b euros of property debt

Published Mon, Apr 13, 2015 · 09:50 PM

London

EUROPEAN banks and asset managers will sell as much as 70 billion euros (S$101.4 billion) of real estate debt and foreclosed assets this year as they continue to strengthen their balance sheets.

More than 12 billion euros of property loans were sold in the first quarter, about 50 per cent less then the previous period, New York-based broker Cushman & Wakefield Inc said in a report on Monday.

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Property

Property

European banks seen selling 70b euros of property debt

Property

Blackstone in talks to buy Dulwich schools in Singapore, Seoul for US$600 million

JTC to sell hospitality project being built in Punggol Digital District

Without a game changer, Sentosa Cove condos will continue underperforming

Five-room resale flat in Bukit Merah goes for record S$1.59 million

China developer Fantasia proposes new restructuring terms, shares up

China Vanke’s first public commercial Reit falls in early trade on debut

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