CBRE has taken full control of its loan services joint venture, which it previously ran with GE Capital.
GE Capital and CBRE had a shared interest in GEMSA, a commercial loan servicing company, which will now be managed solely by CBRE under the CBRE Loan Services banner.
The company will manage $120bn (£84bn) of loans from offices in Houston, London, Frankfurt, Madrid and Sydney.
The business will be led by Clarence Dixon, global head of loan services, with the US headed by Chris Shamaly, and Martin Priestley heading the Asia Pacific division.
Steve Harle joins the business as head of business strategies and development to help develop the business in Europe.
The joint venture had existed in the US since 1978 under the GEMSA name and serviced loans by Freddie Mac, Fannie Mae and other institutions.
GE Capital made a dramatic exit from real estate last year, including a sale of $23bn of assets globally to Blackstone and Wells Fargo.
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