Barclays 2009 Annual Report Download - page 116
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114 Barclays PLC Annual Report 2009 www.barclays.com/annualreport09
Risk management
Credit risk management
continued
B1. Commercial Real Estate and Mortgage-Backed Securities continued
Commercial Real Estate Loans by Industry As at 31.12.09 As at 31.12.08
Other
US Germany Europe UK Asia Total Total
£m £m £m £m £m £m £m
Residential 1,132 1,053 – 152 102 2,439 3,582
Office 372 251 557 79 79 1,338 3,656
Hotels 614 – 223 8 1 846 1,633
Retail 54 507 73 30 73 737 957
Industrial 383 105 103 20 11 622 887
Leisure – – – 140 – 140 233
Land 128 – – – – 128 232
Mixed/Others 169 43 17 – 55 284 398
Total 2,852 1,959 973 429 321 6,534 11,578
Commercial Real Estate Properties by Industry As at As at
31.12.09 31.12.08
£m £m
Residential 56 –
Office 927 –
Hotels 126 –
Industrial 25 –
Leisure 33 –
Land 31 –
Mixed/Others 2–
Total 1,200 –
Included within the commercial real estate properties balance are properties held by Crescent Real Estate Holdings LLC (Crescent) with a carrying value
of £1,001m. On 19th November 2009, Barclays Capital assumed ownership of Crescent following the completion of a debt restructuring transaction.
Commercial Mortgage Backed Securities As at As at Marks ataMarks ata
31.12.09 31.12.08 31.12.09 31.12.08
£m £m %%
Commercial Mortgage Backed Securities (Net of Hedges) 471 735 20 21
Note
aMarks are based on gross collateral.