London, 23 April 2008. GE Real Estate today announces that it has acquired a €1.272 billion portfolio of Senior and Whole loans in a performing commercial property loan book from Capmark Europe.

The portfolio comprises 39 loans to a group of high quality borrowers secured, with attractive loan to values on a range of different assets throughout Europe, the majority of which are domiciled in Germany.

The transaction follows GE’s acquisition in November 2007 of a £2 billion portfolio of performing commercial property loans from Bradford & Bingley PLC. The transaction will enable GE Real Estate to deploy its long-established skills in managing large portfolios of performing loans with the backing of GE’s AAA-rated corporate balance sheet.

Commenting on the acquisition, Michael Rowan, Managing Director of GE Real Estate UK, said:

“This significant transaction has enabled us to capitalize on GE’s AAA-rated corporate balance sheet and our local and global resource to invest in the market during a period of market uncertainty. This, our second large debt deal within the last six months, was attractively priced against good quality underlying real estate which is providing strong


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About GE Real Estate
GE Real Estate (www.gerealestate.com) is one of the world's premier commercial real estate companies with more than US$87 billion in assets and a presence in 31 markets throughout North America, Europe, Asia, and Australia/New Zealand. Backed by GE's AAA rating, GE Real Estate offers a comprehensive range of capital and investment solutions including equity capital for acquisition or development, as well as fixed and floating rate mortgages for new acquisitions or re-capitalizations of commercial real estate. With a 28% compound annual growth rate since 1993, GE Real Estate is one of the world's fastest growing and most profitable real estate enterprises. This extraordinary record of success grows out of a reputation for collaboration and partnership; a depth of knowledge and experience and a history of building relationships, finding opportunities and opening doors for more than 5,000 owners, builders, borrowers and brokers worldwide.

GE Commercial Finance (www.gecommercialfinance.com) offers businesses around the globe an extensive array of financial products and services. With more than US$337 billion in assets and expertise in the middle-market, GE Commercial Finance provides loans, operating leases, financing programs and innovative structured capital to help customers grow. Headquartered in Norwalk, Connecticut, GE Commercial Finance is a wholly owned subsidiary of GE (NYSE:GE), a diversified services, technology and manufacturing company with operations worldwide.