Tag Archives: Propertize

Propertize’s Reinout Van Riel discusses state of the NPL market ahead of European NPL conference next week

With just 10 days before the NPL Europe 2016 spring summit kicks off in London, CoStar News speaks to three of the key companies participating to hear their thoughts on the dynamics of the European non-performing loan market space. Reinout … Continue reading

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Inside Propertize’s complex €5.5bn Project Swan corporate sale

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Bidders have approximately two weeks to submit first round indicative bids for Propertize, the Dutch State-owned real estate bad bank, for which the floor price for a viable trade looks to be around €3.1bn. The proposed private auction sale of … Continue reading

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Sale of €5.5bn Propertize bad bank dubbed Project Swan kicks off in January

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NL Financial Investments, the financial entity established by the Dutch State to bail out the country’s bank in the global financial crisis, has formally sanctioned the privatisation of the Propertize bad bank, in a sale process dubbed Project Swan. Propertize … Continue reading

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Propertize appoints Lazards to explore sale of €4.3bn bad bank lending platform

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Propertize, the bad bank formed from the Netherlands government’s nationalisation of SNS REAAL’s property finance division in 2014, has appointed Lazards to explore a sale of the entire real estate lending platform including the remaining €4.3bn net loan exposures. The … Continue reading

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Inside Netherlands’ €4.8bn bad bank Propertize

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The State of Netherlands has completed the nationalisation of SNS REAAL’s troubled property finance division, transferring €4.8bn in predominantly Netherlands commercial real estate investment and development loans to a newly-established bad bank, named Propertize. Propertize – a somewhat clichéd verb … Continue reading

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