Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
SYS-CON.TV
Today's Top SOA Links


CORPUS SIREO Expects Market Potential of Non-Performing Real Estate Loans to Exceed Three Billion Euros

FRANKFURT, Germany, November 20, 2012 /PRNewswire/ --

  • Commercial real estate loans: A total of 60 billion Euros in debt will reach maturity in 2013/14, an estimated 12 billion Euros thereof in property securitizations
  • Non-performing Loan (NPL) trading volume: Europe sets the trend for Germany, with an increase in German transaction levels to be expected

The volume of debt from non-performing loans coming up for renewal in 2013 on Germany's commercial real estate market will exceed three billion Euros. This is the upshot of in-house studies and detailed market analyses conducted by CORPUS SIREO, Germany's biggest real estate asset management service provider.

The sum total of commercial real estate financings in Germany that will mature between now and 2016 is more than 100 billion Euros. Out of this total, approximately 60 billion Euros will fall due in 2013 and 2014. The formerly wide-spread practice of banks to shoulder debt rollovers or debt rescheduling even in difficult situations will not be an option in many instances, given the enormity of the sum.

Tim Brückner, Client Group Leader Financial Institutions at CORPUS SIREO, had this to say: "The majority of the real estate securitisations will mature next year, and we are anticipating a sum exceeding 12 billion Euros in Germany. This will raise the pressure on the original investors to identify solutions for the securitised financings. If this effort fails, it will be the servicers' job to pave the way for an orderly wind-up of the securitisation structures."

In addition, the ability of the commercial banks to front new financing arrangements or to extend existing ones will be limited.  This situation will coincide with a rise in the NPL volume. As a result, the overall demand for asset management solutions will increase. This view matches the estimates ventured by industry insiders, who expect outside help for about a quarter of all distressed financings. All things considered, CORPUS SIREO believes that more than 3 billion Euros worth of commercial real estate portfolios in Germany will be taken over by new asset managers in the medium term.

International investors are also showing great interest in the German real estate market. In addition to direct and indirect real estate investments, they are expected to step up their commitments in the area of mortgage-backed NPLs. A look at other countries in Europe suggest as much. If you take, for instance, the trading volumes in the United Kingdom, whose NPL market is roughly the same size, increases in Germany seem likely against the background of the general market trend. On top of that, a total of more than 60 billion Euros in foreign capital is available for acquisition - including in the area of corporate real estate NPL. For the required local market know-how, investors will rely on large, experienced providers of real estate asset management services in Germany.

Said Ingo Hartlief, CEO of CORPUS SIREO Asset Management GmbH: "The developments on the German market for non-performing commercial real estate loans will produce a growth market for asset managers. The properties behind such loans are usually not prime assets, but distressed properties well away from the metropolises are in dire need of management. Only a hands-on effort directly on location, with a professional, experienced asset management in place on the next tier, will be able to restore the marketability of such properties. Banks and financial service providers prefer not to develop this specialised type of expertise because it is only temporarily required and because experienced contractors who provide this service are readily available."

http://www.corpussireo.com

Yvonne Hoberg, Tel. +4922139900120, Yvonne.Hoberg@corpussireo.com

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Web 2.0 Latest News
Earlier, I wrote a bit about traffic and the IoT. It's a big topic. The traffic problems of the developed and developing worlds seem so large, complex, and intractable to significant change in any reasonable timeframe. Consider Mexico City. There are more than 20 million people in ...
Is it just me, or has there been an explosion of buzz words lately? Don’t get me wrong, the IT industry innovates at a crazy pace normally, but it seems that things have been evolving faster than ever and that a fundamental change in the way things are done is underway. We can attribut...
My favorite writer, Gil Press, sums it up with, “It’s Official: The Internet Of Things Takes Over Big Data As The Most Hyped Technology” where he talks about how Gartner released its latest Hype Cycle for Emerging Technologies, and how big data has moved down the “trough of disillusion...
More and more Web sites and applications are being moved from Apache to nginx. While Apache is still the number one HTTP server with more than 60% on active Web sites, nginx has now taken over the 2nd place in the ranking and relegated Microsoft’s IIS to 3rd place. Among the top 10.000...
Getting one's arms around the Internet of Things is a daunting task. In addition to big IoT commitments from all of the big players in computing and telco, there are a number of smaller companies and startups working on devices and services to enable the future of enterprise IT and per...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021




SYS-CON Featured Whitepapers
ADS BY GOOGLE