CB Richard Ellis has established a loan and corporate recovery service to advise clients during the market downturn. Mark Creamer, head of loan and corporate recovery, EMEA, CBRE said, 'As we move into a period of change we encounter challenges not seen across Europe for nearly two decades. Declining values and weakening occupier sentiment is leading to increased stress across the real estate environment.'
CB Richard Ellis has established a loan and corporate recovery service to advise clients during the market downturn. Mark Creamer, head of loan and corporate recovery, EMEA, CBRE said, 'As we move into a period of change we encounter challenges not seen across Europe for nearly two decades. Declining values and weakening occupier sentiment is leading to increased stress across the real estate environment.'
CBRE said the service will seek to capitalise on increasing demand from various market players. These include banks faced with loans that are either in, or at risk of default; subordinate lenders holding distressed syndicated or securitised debt positions; and borrowers.
Creamer added: 'Our team is equipped to act either on a full recovery and advisory basis or on individual elements of the corporate recovery and restructuring process to help clients confidently make correct decisions on their properties.'
