GE RE acquires £2b loan portfolio

GE Real estate has acquired a high-quality portfolio of about £2 bn (EUR 2.8 bn) in performing commercial property loans from Bradford & Bingley. The portfolio comprises loans to a group of over 100 borrowers, many of whom are well known names in the property industry. 'GE RE's management team remains strongly placed to identify and structure large transactions when it sees an opportunity even in periods of market uncertainty,' the company said in a statement.

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