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Banks to sell $20 bln of European real estate loans

Posted on 29 September 2011

Banks will sell about 15 billion euros ($20 billion) of loans secured by commercial property in Europe through 2012 as they anticipate tougher capital regulations, debt adviser Situs Cos. said.
British, German, Irish and Spanish banks will probably be the most active sellers of property loans, particularly those tied to peripheral markets or overseas, Situs said today in a statement. The Houston-based company has acted as an adviser on distressed loans in Europe, including sales by Credit Suisse Group AG from 2008 to 2010……………………………………….Full Article: Source


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