CR Investment Management has been awarded the asset management mandate for Treveria D-Silo, a portfolio of 48 retail properties spread throughout Germany.
CR Investment Management has been awarded the asset management mandate for Treveria D-Silo, a portfolio of 48 retail properties spread throughout Germany.
The portfolio was originally financed with a loan of €230 mln provided by Citigroup and Deutsche Bank, and securitised in the Deco 2006 E4X facility which went into special servicing under the supervision of Situs Asset Management.
CR will advise and work together with Treveria on the implementation of the business plan which will involve creating value and ultimately selling down the portfolio over time. CR has managed the Treveria C-Silo since early 2010.
'The signing of this important mandate marks a strong validation of our activities in the retail sector as well as an expansion of our relationships with the various parties,' said Ingo Schierhorn, a managing director at CR.
The addition of the Treveria D-Silo mandate to the existing Treveria D-Silo mandate brings the Treveria assets managed by CR to in excess of €750 mln.
CR manages €4.5 bn of assets from nine offices in five European countries.
