European CRE loan and REO sales

A record-breaking €80.6bn of loans were transacted in 2014, with US capital remaining hungry for distressed European assets, reports Federico Montero of Cushman & Wakefield Corporate Finance.

In the final quarter of 2014, €23.8bn of deals were completed, bringing volumes for the year to a record-breaking €80.6bn. This represented 156% growth on the €31.5bn total for 2013, and an increase of over €26bn on the totals for 2012 and 2013 combined.

While the UK and Ireland were the most active markets, together accounting for almost two thirds of the 2014 total closed volume, there was a surge of interest in Spain from investors, the volume of closed deals there quadrupling over the year, boosted by sales from Sareb and Catalunya Banc.

Click to see full report: European CRE loan and REO sales