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Blackstone and Prudential's £11.8 billion purchase of a loan portfolio demonstrates today's demand for non-core but performing debt.
Gifford West, managing director at The Debt Exchange, gives Real Estate Capital his forecasts for the European real estate loan sales market in 2017.
A groundbreaking fourth quarter meant the market for European real estate loan sales and real estate owned (REO) deals reached a new record of €85.9 billion in 2015, according to a report from Cushman & Wakefield.