PE in European Property Bonanza


January 22, 2015

Private equity is stepping in to take loans (mainly real estate titles) off banks’ balance sheets in Europe. It is a trend that has been widely reported. The WSJ says that in 2014 more than EUR 65 billion in commercial and residential property loans were sold last year, a figure that is more than double last year’s total (EUR 27 billion) and three times more than the EUR 19 billion in acquisitions in 2012, based on data from PricewaterhouseCoopers to be released at end of January 2015. The leading buyers of these debt packages from the private equity industry are Blackstone Group, Apollo, Cerberus, and Lone Star Funds. The graphic here shows the top buyers through to the third quarter in 2014 from Cushman & Wakefield.

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