Commercial Property News

Our magazines are published bi-monthly with in-depth features and news for the commercial property industry. On this page we have the latest news to keep you constantly updated on the market. On the left hand side of the page you can search our archived news which is stored monthly.



Tuesday, November 27, 2023

GE Real Estate acquires a £2bn portfolio of property loans

GE Real Estate has defied uncertainty in the property and financial markets and bought a £2bn portfolio of UK commercial property loans from Bradford & Bingley.

The portfolio comprises performing loans to a group of over 100 borrowers.

GE said it had made the purchase as it has experience in managing portfolios of performing loans and had spotted an opportunity in a period of market uncertainty.

"Through our proactive acquisition strategy, we are confident that we can add significant value to our UK business in these more challenging times," Mike Rowan, managing director of GE Real Estate UK, said.

"The successful execution of this significant acquisition at the right price and on the right terms is a strong endorsement of our ability to complete large and complex transactions where we have identified an opportunity, regardless of market conditions."



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