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Colliers International

The impacts of the oil downturn will continue to negatively impact CMBS loan performance as its effects ripple through the local economies of oil reliant US states.
White Tower and Colliers International, the opposing parties in the White Tower valuation negligence case, have announced they have agreed to dismiss the case, on the sixteenth day of the trial.
The former Colliers International UK valuer responsible for the disputed £1.2 billion valuation of London properties which backed the White Tower 2006-3 CMBS has denied bowing to pressure from the borrower to inflate the figures.
The negligent valuation case brought by CMBS issuer White Tower 2006-3 against Colliers International UK began in London’s High Court last Friday (8 April).
White Tower, one of the highest-profile European securitisations to default after the financial crisis, is heading towards court, Real Estate Capital has learned.
The equity phase of the real estate cycle is giving way to the debt phase, responses to a survey on the global property market by Colliers International have suggested.
Colliers International (Colliers), the US-based real estate services firm, has won its case at the Court of Appeal in London, with a unanimous verdict that its valuation of a German mixed-use property at €135 million in 2005 was correct. The latest case was the result of an appeal by Colliers following a High Court ruling last year that that it had over-valued a complex mixed-use property in Nuremberg, Germany, by €32 million.
A judge was wrong to hold that the CMBS issuer in the Titan v Colliers case was the correct claimant and also had no basis for finding an asset overvalued, the Court of Appeal in London has heard. Colliers is appealing against a High Court ruling last year that it overvalued an asset in Germany by €32m in the Titan Europe 2006-3 CMBS deal.
The European property market cycle is expected to stay strong for longer as a result of the increasingly diversified debt market according to a new report by Colliers International.

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