GE has confirmed its commitment to the non-performing Loans sectors in Italy by acquiring, through its subsidiaries GE Real Estate Italia and GE Corporate Financial Services, and in partnership with Pirelli RE/Calyon, a portfolio of non-performing loans originated by Banca Antonveneta and Interbanca. With a gross book value of approximately $3.7 billion, the deal is the second largest of its type in Italy. GE is the majority stakeholder with the 50 percent stake, with the remainder being held by the joint venture Pirelli RE/Calyon. The acquisition represents the second tranche of a portfolio on which GE and Pirelli RE signed an exclusive mandate with ABN Amro at the end of last year.
Real Estate Designers offers totally innovative solutions for your software development, Internet programming, real estate web design and hosting needs. Our service includes domain name registration and real estate web design. Real Estate Designers provides the complete solution including design, application development and marketing.
source; commercialpropertynews.com
No comments:
Post a Comment