by Dr. Andreas von Keitz, director, and Roman Zeller, managing director, AlixPartners

The German distressed debt market is the biggest and most attractive market of its kind in Europe. The market, estimated at approximately 160 billion to 300 billion ($192.5 billion to $361 billion), is defined mostly by seller-driven real estate loans where a handful of players have made a killing recently. The market is expected to continue to thrive and mature in 2006.

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