In the news this morning, EG brings you the latest deal from London’s Canary Wharf. Click here for more details on the £460m sale which has been two-and-a-half years in the making.
Also this morning, close to a decade after the Lehman Brothers collapse, Europe is offloading tens of billions of euros’ worth of distressed real estate loans every few months. How does the market work and why is it not going away?
Click here for the EG podcast featuring Federico Montero, managing director at Evercore and author of the quarterly European Distressed Real Estate Market report, discussing NPLs and how to fix bad loans.
Meanwhile, Mark Caplan, managing director at loan servicing firm Pepper, talks about why business has shifted to Cyprus and where the market is going next.
NEWS ROUND-UP: More pain for Poundworld
£460m One Cabot sale agreed 2.5 years on
LISTEN: Evercore managing director Federico Montero on bad loans – and how to fix them
Sports Direct takes £85m hit on Debenhams investment
Cau steakhouses close as Gaucho Group goes into administration
Inquiry into former BHS directors may be reopened
Prefabs ‘are the future of housing’
First-timers overtake the movers
