Commercial Real Estate
The Commercial Real Estate (CRE) segment, which at the time of the transfer comprised 3,512 individual exposures and thus made up almost half of all acquired positions in the overall portfolio, has been reduced at the fastest pace since FMS-WM was established, helped in part by the positive market environment and the short remaining maturities of the loans.
The Commercial Real Estate segment is no longer being managed as an active segment. The receivables from five counterparties with a combined nominal value of EUR 0.3 billion that originally belonged to this segment and were still in the wind-up portfolio at the end of 2021, consisting predominantly of US commercial mortgage loans, were transferred to the Infrastructure segment with effect from 31 December 2021.