PIE Events
- German Property Breakfast
14 February 2012
Stockholm
- Distressed Property Breakfast
22 February 2012
London
- Central and Eastern Europe Real Estate Conference
03-04 May 2012
Vienna, Austria
Boston's DebtX establishes Madrid office to foster Spanish loan trading
The Boston-based internet loan trading marketplace DebtX is opening an office in Madrid to exploit a growing demand from Spanish banks for more options in real estate loans and property asset foreclosures (REO) amid the recession. DebtX has been working with financial institutions in Spain for two years, and opened the Madrid office to meet growing demand from Spanish institutions to sell performing and non-performing loans. Appointing Antonio Anglada, former CEO of General Electric's mortgage division, to head the office, DebtX MD Gifford West said: "Spanish banks have recognised that in the current crisis, they need an alternative to retaining distressed real estate loans and REO." (Details in PFE 127, due for publication on Monday 29 June)