PricewaterhouseCoopers has slashed the value of bankrupt US investment bank Lehman Brothers' European property portfolio to $1 bn, down from an earlier estimate of $15 bn, citing external debt and falling property values, it told PropertyEU today.
PricewaterhouseCoopers has slashed the value of bankrupt US investment bank Lehman Brothers' European property portfolio to $1 bn, down from an earlier estimate of $15 bn, citing external debt and falling property values, it told PropertyEU today.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.