GMAC Commercial Mortgage Europe recently announced the opening of its new United Kingdom office located in London's West End at Buchanan House on St James Square.
GMACCM Europe offers a range of services for the European commercial real estate industry including lending, equity co-investment and servicing.
GMACCM Europe completed close to 1bn euros in European transactions.
James A. Dalton, president of GMACCM Europe, says: “Our current pipeline is very strong, and we are optimistic about 2003. Our London location will provide commercial real estate clients throughout the United Kingdom as well as continental Europe with an alternative source of financing and equity capital. Our highly talented staff has more than 50 years of combined experience in property finance and investment.”
Kathleen M. Gleason, senior vice-president and director for GMACCM Europe, opened the company's UK office operations in January 2002. Previously, Gleason was based in GMACCM's New York office. Before joining GMACCM in 1996, she was with Chase Manhattan Bank's Real Estate Finance Group in New York.
New members to the GMACCM Europe staff in London who joined the company in September 2002 include Robert Grigg, Martin Wheeler and Kevin Cooper.