News & Analysis

White Tower sues Colliers over £1.8bn UK office portfolio

White Tower is suing Colliers International UK alleging that the firm overvalued some of the assets in a £1.8 billion UK office portfolio which backed a high profile defaulted European securitisation during the financial crisis.

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White Tower, one of the highest-profile European securitisations to default after the financial crisis, is heading towards court, PDI sister title Real Estate Capital reported.

White Tower 2006-3, the SPV issuer of the £1.15 billion CMBS, is suing Colliers International UK (Colliers) alleging that Colliers overvalued five of the assets in the nine-strong, £1.8

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