Blackstone, Lone Star, and Starwood Eye Commerzbank UK Portfolio



In UK property news, Blackstone, Lone Star, and Starwood are reportedly interested in bidding on a huge UK portfolio of property loan bank Commerzbank AG’. If the deal bidding is won at the suggested level of £5 billion, it would be the largest portfolio of assets of a kind sold in Europe since the 2oo8 financial crisis began.

CBRE Names Chris Brett Head of UK International Investment



Yesterday, CBRE appointed former LaSalle Investment Management exec Chris Brett as Head of International Investment for its UK business. Brett will head a new arm of CBRE in advising international investors wanting access to commercial real estate opportunities withing the wider UK market.

Castle Trust Research Shows UK Commercial Property Loss Variable



Research released late last month form Castle Trust tell of UK commercial property fund investors having lost an average of 11.4% in the last half decade.

Banco Santander Feeling the Weight of Bad Real Estate



In news from the Spain real estate situation, Banco Santander SA (SAN), the largest bank in the country, Q3 profits dropped far more than estimates predicted. Bad real estate date saw earnings drop an estimated 94 plus percent, while the bank’s net income dropped an estimated €100 million euro.

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