Lucy Scott

Lenders face troubled debt positions as final maturity dates set out in loan agreements approach.

Lenders will have ‘no choice’ but to enforce if these conversations do not start soon, according to restructuring specialists at accountancy PwC.

Kay Wolf, chief executive officer, says the German lender is focused on disposing of loans but will reinvest the capital in new business.

A loan from six banks funded the €880m purchase of offices for a retrofit project without a lease.

The US manager has been granted a three-year extension to execute its business plan for four retail assets.

The landlord has sourced £533m of fresh financing but faces a wall of office-related debt maturities in the coming years.

The first CMBS-type deal in the sector in Europe is sponsored by US company Vantage Data Centres.

Münchener Hyp makes its third consecutive increase in capital set aside for potential defaults.

The Washington DC-based agency says the sector is a salient near-term risk to global financial stability.

Speaking at the PERE Network Europe Forum, the CEO and CIO of real estate at the asset management giant said Europe’s debt funding crisis is about to intensify.