LONDON—Situs, a global provider of commercialreal estate (CRE) advisory services and integrated process andtechnology solutions, has appointed of Fernando SalazarLacalle as managing director and country head of thefirm's new office in Madrid.

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Reporting directly to Bruce Nelson, chiefoperating officer, Salazar will be responsible for the expansion ofall of Situs' business lines into Spain and the surroundingSouthern European market, including loanservicing, special servicing non-performing debt refinancing, andadvisory.

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Situs' Southern European expansion follows a strong demand forCRE loan servicing and debt advisory services in Spain as a resultof increased activity in the region from international investors.In July, 2014, Situs announced a joint venture with debt collectiongroup Lindorff to service Spain's non-performingdebt market in order to best meet the underwriting, due diligenceand loan advisory needs in all debt classes including CRE, consumerdebt, residential mortgages, and small and medium enterprises(SME).

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“To support the growth of debt transactions in Spain, as well asanticipated longer term needs across the entire Southern Europeanmarketplace, there was a clear need for an experienced, seasonedprofessional to build and lead our growth in this region,” saidNelson. “Fernando's market knowledge, expansive network andexpertise working with both local and international investors willbe instrumental in meeting Situs' near and long-term goals in thisregion.”

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Salazar joins Situs from Servicing AdvisorsDeutschland where he was head of international clients andmanaging director Spain. Previously, he served as head of corporatebanking for a German CRE lender where he opened and managed severaloffices in Europe, guiding business development in Germany,France, Italy, Spain, Portugal, Belgium, Switzerland, Luxembourg,Greece, Cyprus and Turkey. Withmore than twenty years of experience in thebanking and financial sector working with European banks, investorsand advisory firms, Lacalle has provided financing solutionsexceeding $26 billion (€20B) and fiduciary services across the fullspectrum of commercial real estate assets including offices,retail, logistic, business hotels and mixed portfolios.

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“As the Spanish commercial real estate market recently reachedpost-financial crisis highs, this is an extremely exciting time tobe leading Situs' growth in the Southern European market,” saidLacalle. “I look forward to working with the Situs team to continueto provide the exceptional loan servicing and advisory practicesthat the firm is known for, not just in Europe, but globally.”

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Globally, Situs has over $90 billion (€70B) in primary servicingand asset management, and is one of the largest third-partyservicers in Europe. Since the beginning of 2012, it has been namedthe primary and/or special servicer on the majority of thesecuritizations issued in Europe.

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.