Macquarie Real Estate Lending has acquired a portfolio of 700 first lien residential mortgages in Germany.
The portfolio, which has a value of around €90m, said a company statement, was purchased from RBS’s non-core division through a competitive auction. Macquarie signed a binding purchase offer.
Peter Vega, managing director at Macquarie Real Estate Lending, said: “We are pleased to have worked closely with RBS to ensure a successful and efficient outcome for both parties. This transaction is a great opportunity for Macquarie to continue expanding its real estate lending book through the acquisition of quality assets.”
