CR Investment Management has opened an office in Madrid which will focus on management and restructuring of distressed assets and loans.

CR Investment Management has opened an office in Madrid which will focus on management and restructuring of distressed assets and loans.

This marks the 10th office opened by CR in Europe.

Richard Fine, head of CR's international activities, is in the process of putting a local team together. 'In opening a branch in Madrid, we are simply following our clients’ activities and exposures and will, as elsewhere endeavour to provide them with the highest-quality advice and management of their legacy asset and loan portfolio exposures,' commented Fine.

CR is a pan-European asset management, transaction management and financial advisory firm with over 100 employees across Germany, UK, Ireland, France, The Netherlands and now Spain.

CR manages and advises on a total of €5 bn of assets and loans.