The value of European property loan sales will hit €40 bn in 2014, according to a report from real estate services firm Cushman and Wakefield.
The value of European property loan sales will hit €40 bn in 2014, according to a report from real estate services firm Cushman and Wakefield.
The figure would mark a 32% increase on the €30.3 bn transacted in 2013, with the market being driven by European asset management agencies.
A surge in sales began last year, with 38% of the total volume for 2013 coming in November and December. This year has already seen 10 major transactions, with Morgan Stanley’s sale of €5.6 bn of commercial mortgage-backed securities (CMBS) to Mount Street forming the bulk of the €7.1 bn total to date this year.
To read Cushman and Wakefield’s full report, click here.
