Administrator PricewaterhouseCoopers has started gathering expressions of interest in Lehman Brothers' $15bn European property portfolio. The advisory firm said it has made 'considerable progress' in identifying the assets owned in Europe by the US investment bank which will need to be sold in order to repay creditors. PricewaterhouseCoopers was appointed in September as administrator of the portfolio held by the US bank, which recently filed for administration.
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