Crown appointed to manage £1 billion commercial property portfolio

Nia Williams

July 1, 2009

Mortgage servicer, Crown – part of the Crown Group of companies that serves the real estate capital markets in Europe and in the US holding €10 billion of assets worldwide – will provide commercial mortgage and asset management solutions.

Julien Holmes, managing director, Crown said; “This is very similar to work we’ve carried out for investment banks and specialist lenders on their securitized portfolios in the past. When we are appointed as standby servicer, we always put extensive planning in place which has enabled us to make a smooth transition with this portfolio, therefore having minimal impact on the borrowers concerned.

Our specialist team has had the advantage of servicing very adverse accounts well before the market turned, and this experience means that we are ahead of the game in terms of realizing the maximum value for a client.”

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