Fordgate's acquisition of a EUR 2.2bn portfolio of European offices from German private bank Bankhaus Wölbern is structured as a CMBS deal and is backed by Morgan Stanley and Credit Suisse. The deal comprises offices in Germany, the Netherlands (72 properties), Switzerland and Belgium, which have been brought together in a single tradable portfolio under the codenames Vermeer and Rembrandt. Fordgate is the real estate investment arm of the Israeli Gertner family.
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