Wells Fargo To Buy Commerzbank’s U.K. Property Loans

Wells Fargo & Co (NYSE:WFC) has entered into an agreement to acquire Commerzbank’s Hypothekenbank Frankfurt U.K. commercial real estate portfolio. The leading commercial real estate lender in the U.S, Wells Fargo & Co (NYSE:WFC) has agreed to acquire the former Eurohypo’s U.K. commercial real estate portfolio.  The transaction comprises two pools. One of the pools covers sale of £4.0 billion ($6.95 billion) commercial real estate loan book comprising high-quality institutional assets throughout the U.K. with a special focus in London. The second pool relates to sale of £1.3 billion ($1.96 billion) non-performing loans to Lone Star Funds. The transaction is expected…