PAG buys Commerzbank’s Japanese real estate business
A PAG-led consortium has acquired a portfolio of around EUR700 million ($954 million) in primary subordinated loans held by Commerzbank’s Japan real estate subsidiary, plus local operations and staff.
The buyers of Commerz Japan Real Estate Finance Corporation (CJREFC) include PAG's Secured Capital REP V, special situations funds managed by an affiliate of PAG, and Canada Pension Plan Investment Board...
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