Cerberus was one of the most active buyers of developers’ and businesses’ property debts after the crash a decade ago.
Accounts lodged by Irish subsidiaries, Promontoria Aran and Promontoria Arrow, used to hold property loans the group bought in 2014 and 2015, show they collected €32.8 million between them from debtors last year. The company drew about €180 million from the German lender, which agreed to refinance the debt in 2018.
Promontoria Arrow owed its Dutch parent, Promontoria Holding 176 BV, €13.8 million at the end of last year after paying it €3.25 million during 2023. The price was heavily discounted as property values had slumped leaving debtors unable to repay the loans.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más: