CB Richard Ellis has established a loan and corporate recovery service to advise clients during the market downturn. Mark Creamer, head of loan and corporate recovery, EMEA, CBRE said, 'As we move into a period of change we encounter challenges not seen across Europe for nearly two decades. Declining values and weakening occupier sentiment is leading to increased stress across the real estate environment.'
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
