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Colony Buys €370M German Loans Portfolio
London-based Colony Capital has purchased a portfolio of institutional real estate collateralized non-performing loans with a face value of €370 million.
London-basedColony Capitalhas purchased a portfolio of institutional real estate collateralized non-performing loans (NPL) with a face value of €370 million,Private Equity Hubreports. The portfolio was sold by four German banks, includingEurohypo, Helaba Landesbank Hessen-Thüringen,Berlin HypandArchon Capital Bank.
These loans were utilized to develop properties primarily in Berlin and Frankfurt in the mid- to late 1990s. Since the end of 2009, the Los Angeles-based international investment firm has made four NPL portfolio acquisitions in Germany.
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