German real estate firm launches into distressed debt

Engel & Voelkers Investment Consulting has hired Thorsten Brogt to spearhead sales for a distressed property fund.  

Engel & Voelkers Investment Consulting (EVIC) has appointed Thorsten Brogt as executive director of business development to oversee the roll out of its distressed debt/real estate opportunity funds unit.

The new business division will involve offering support to buyers and sellers of distressed loan portfolios, reports PDI sister title Real Estate Capital.

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