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NEW YORK and LONDON-Situs, a leading global real estate advisory firm, has been named as Servicer and Special Servicer for the $404 million (£263M) Debussy DTC PLC Commercial Mortgage Backed Security (CMBS) on the Toys “R” Us UK portfolio.

This transaction represents the first secondary commercial property portfolio to return to European securitization markets since the global financial crisis. Situs’ appointment will build on its growing market leadership in servicing European securitizations, a nod to its strong reputation in providing innovative solutions on similar transactions in Europe and the US.

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