27.11.2008 - Lehman's European property portfolio only worth $1 bln, says PwC
From Propertyeu.info: PricewaterhouseCoopers has slashed the value of bankrupt US investment bank Lehman Brothers' European property portfolio to $1 bn, down from an earlier estimate of $15 bn, citing external debt and falling property values. According to PwC, which is marketing the portfolio, most of the assets are held in joint ventures, with different partners, and many of those joint ventures have significant external debt..... Full Article: Source
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