DUBLIN, IRELAND--Bank of Ireland today announced that it has exclusively engaged Holliday Fenoglio Fowler (HFF) to advise on the disposal of its US property business. HFF will be working closely with the Bank to identify a buyer for the business which consists of approximately $1.5 billion in performing commercial real estate loans primarily in New York City, Washington D.C. and Boston.
The sale will include the seven-person team whose expertise has built the unit into a leading real estate lending business.
Commenting on the announcement, Paul McDonnell (top right photo), Head of the Global Property Finance Book, Bank of Ireland said: "The US property finance business is a high performing and profitable book of assets to leading sponsors and is managed by a talented group of experienced professionals".
Contact:
Anne Mathews
Media Relations Manager
Group Corporate Communications
Tel. 00 353 76 623 4771
Mobile: 00 353 87 246 0358
Fax. 00 353 76 623 4790
E-mail: anne.mathews@boimail.com
No comments:
Post a Comment