Global commercial real estate advisory firm the Situs Companies has boosted its European business with the acquisition of GSSG, a German loan servicing company. The German firm is now part of Situs Global Servicing (SGS).
Global commercial real estate advisory firm the Situs Companies has boosted its European business with the acquisition of GSSG, a German loan servicing company. The German firm is now part of Situs Global Servicing (SGS).
GSSG is currently rated by Fitch as a primary and special servicer, which specifically qualifies the company for primary and special servicing for commercial mortgage backed securities (CMBS).
Situs also announced plans to centralise all German operations in a new Frankfurt office. The establishment of the Frankfurt office is part of the continued growth of the company’s advisory and servicing business in Europe. The German-based team of advisory and servicing experts will focus on providing real estate-related financial services to a broad range of clients including institutional investors, hedge funds, private-equity groups and high-net-worth individuals looking to expand or modify their commercial real estate investments across Europe.
Situs provides real estate asset and finance advisory services to financial institutions, institutional and private equity investors, developers, and governments. Since 2002, Situs has advised on European real estate and debt valued at over EUR 30 bn. The recent acquisition of GSSG brings Situs' total servicing and surveillance global platform to more than $19 bn (EUR 12.9 bn).
