Europe Property-Loan Sales Seen Up 65% as Lone Star Buys
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European property-loan sales will rise 65 percent to a record 50 billion euros ($69 billion) this year as improving economies in the region prompt investors to set aside more money for deals, Cushman & Wakefield Inc. said.
The broker raised its forecast by 25 percent after transactions so far this year reached 29.8 billion euros, almost equal to all of 2013, according to a report today. The 2014 total was boosted by the liquidation of the Irish Bank Resolution Corp., formerly Anglo Irish Bank Corp.