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High Court rules Colliers provided "negligent" property valuation

The High Court of Justice in London has issued a judgement against Colliers International over a negligent €32m over valuation of a German commercial property eight years ago which was collateral in a European securitisation, Titan Europe 2006-3 plc.
By James Wallace
September 30, 2014 | 3:16 P.M.

Colliers valued the property in December 2005 at 135m.  Given the valuation, Credit Suisse advanced a loan of 110m, the bulk of which was subsequently securitised and transferred to Titan, the Issuer, in a securitisation of circa 1bn. 

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