Wednesday 13 December 2017

CR gears up for future Irish distressed assets

Up to €70bn worth of distressed bank assets are expected to come to market by 2015 according to CR Investment Management, which is setting up a Dublin team to manage the Irish assets of clients.

Chris Ogle, who will head up the Irish team, said: "NAMA and Irish banks will be confronted with dis-tressed Irish property port-folios worth €70bn by 2015."

He added that CR has a number of British and European financial services clients with billions of euros worth of exposure to Irish property.

Its Irish office will be located in Dublin 2 and will employ about six people by the end of next year.

Indo Property

Promoted Links

Business Newsletter

Read the leading stories from the world of Business.

Promoted Links

Also in Business