Tue, Aug 4, 2015

Duff & Phelps and Situs Launch Joint Venture to Deliver Specialized Loan Portfolio Service Offering in Ireland

Duff & Phelps, the premier global valuation and corporate finance advisor, and Situs, a global provider of commercial real estate and loan advisory services, have launched a Joint Venture to offer specialized property loan services to the Irish market.

The combination of Duff & Phelps’ valuation, debt, corporate finance, property asset management, real estate and corporate restructuring services, with Situs’ commercial real estate and loan advisory services, including loan due diligence, underwriting, surveillance and loan workout services, provides comprehensive support for property investors. The Joint Venture comes at a time of evolution in the Irish market, where there are significant property disposals expected over the next 12 to 18 months.

Unique in the Irish market, the new end-to-end loan management solution for commercial property investors will span all aspects of property portfolio management, from the pre-acquisition stage covering loan book due diligence, bid management and loan performance analysis, through to the property asset management, consensual work-out with borrower risk review and strategic alternatives appraisal, including disposal and enforcement strategies. In addition to local Irish expertise, the team will be able to call on further support from Situs’ International footprint and Duff & Phelps’ network of more than 70 global offices.

Declan Taite, Managing Director, Duff & Phelps Ireland said: “We are excited to launch this partnership with Situs, a fellow Stone Point Capital portfolio company. A significant number of portfolio sales, particularly from NAMA, is driving the local Irish market. As a global leader in commercial real estate and loan advisory, the Situs team is an ideal complement to Duff & Phelps to deliver this new combined service to the banks and alternative investors currently making purchases of commercial portfolios in Ireland.”
Brian Donohoe, Director of Situs commented: “We are proud to launch this new service to the Irish market today, and demonstrate the breadth and depth of our collective expertise. The partnership with Duff & Phelps will offer a complete solution to acquirers and holders of real estate debt looking for support in the Irish market. As the European market aggressively addresses loans in this area, the timing for this partnership could not be better and the complementary nature of our service offerings creates tremendous synergy.”

About Duff & Phelps
Duff & Phelps is the premier global valuation and corporate finance advisor with expertise in complex valuation, dispute and legal management consulting, M&A, restructuring, and governance and regulatory consulting. The firm’s more than 2,000 employees serve a diverse range of clients from offices around the world. For more information, visit www.duffandphelps.com.
M&A advisory and capital raising services in the United States are provided by Duff & Phelps Securities, LLC. Member FINRA/SIPC. Pagemill Partners is a Division of Duff & Phelps Securities, LLC. M&A advisory and capital raising services in the United Kingdom and Germany are provided by Duff & Phelps Securities Ltd., which is authorized and regulated by the Financial Conduct Authority.

About Situs Europe
Situs Europe, the premier global provider of strategic business solutions for the real estate and financial services industries, offers customized services to leading financial institutions, investors, owners, and developers. Situs Europe offers a broad portfolio of strategic solutions including Debt Advisory, Primary & Special Servicing, Capital Solutions and Project & Interim Staff Management. Headquartered in London, Situs Europe has offices throughout the region as well as the United States and India. For more information about Situs, please visit www.Situs.com.

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