Ian Hardman has left property lender Eurohypo to become a director in CBRE's loan and corporate recovery team. A chartered surveyor, Hardman worked for Eurohypo in London office as an in-house property expert for seven years, with responsibility for assessing the lender’s large UK commercial property investment and development loan book.

His move comes shortly after Commerzbank, the owner of Eurohypo, announced a six-month freeze on new lending at the real estate bank.

CBRE Loan & Corporate Recovery department provides advice to banks and lenders with distressed real estate loans who are focused on maximising recoveries and restructuring their balance sheets.

In Q3 2011, CBRE's specialist team was appointed over £80 mln of assets in the UK, including offices in London and the regions, residential properties and industrial sites. In the same period, the team undertook reviews of various borrower assets and optimal pricing strategies on behalf of UK lenders in respect of UK and EMEA-wide portfolios with an aggregate value of £1 bn.