GE Real Estate said on Wednesday that it has acquired a EUR 1.27bn portfolio of Senior and Whole commercial property loans from Capmark Europe. The portfolio comprises 39 loans to a group of high quality borrowers and with attractive loan-to-values, the company said. The assets are spread throughout Europe, with the majority located in Germany.
GE Real Estate said on Wednesday that it has acquired a EUR 1.27bn portfolio of Senior and Whole commercial property loans from Capmark Europe. The portfolio comprises 39 loans to a group of high quality borrowers and with attractive loan-to-values, the company said. The assets are spread throughout Europe, with the majority located in Germany.
The acquisition follows GE's purchase in November 2007 of a £2bn portfolio of performing commercial property loans from Bradford & Bingley. 'This transaction enables us to continue to invest in the market during a period of market uncertainty,' said Michael Rowan, managing director of GE RE UK.
