Cerberus Capital Management topped the list of buyers of distressed property debt in Europe in the first nine months of the year, figures from Cushman & Wakefield showed.
The firm was involved in eight deals, buying debt with a face value of €7.69bn. It was followed by a Deutsche Bank and Apollo Global Management joint venture which purchased debt with a face value of €6.27bn. Lone Star was third, with €5.28bn.
Federico Montero of Cushman & Wakefield said activity would be boosted by some €92.7bn of planned and active sales by the end of the year.
