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.
Ares, Coima and MEAG are three investors which have closed multiple acquisitions in the last few weeks.