REC staff

Banking sector crisis continues to create uncertainty across lending markets; rating agencies warn about the challenges Blackstone faces to refinance securitised Italian loans; Canada’s Slate considers entering Europe’s real estate debt space; and more in today’s briefing, exclusively for our valued subscribers.

UBS's purchase of Credit Suisse poses plenty of questions for the real estate sector; US manager AllianceBernstein targets its second European lending vehicle; WeWork sorts its finances in an agreement with bondholders; and more in today’s briefing, exclusively for our valued subscribers.

The mood remains mixed at MIPIM, the annual real estate conference in Cannes; Silicon Valley Bank and Signature Bank failures have different initial implications for real estate managers; US-based firm CIM Group expands property credit business into Europe; and more in today’s briefing, exclusively for our valued subscribers.

Blackstone’s Finnish default hints at the refinancing challenge facing even the largest sponsors; Germany’s pbb Deutsche Pfandbriefbank looks to the equity market for diversification; shareholders give Heimstaden a leg-up to deal with its debt pile; and more in today’s briefing, exclusively for our valued subscribers.

The winners of the Real Estate Capital Europe Awards 2022 can be finally revealed; financial services firm Alantra targets new capital as it sees a lending opportunity; Cheyne Capital makes a second Nordic loan, with a luxury hotel financing; and more in today’s briefing, exclusively for our valued subscribers.

Inside: The winners revealed – REC Europe’s annual awards celebrate the industry’s biggest achievements of 2022; How pressure is growing on banks over ESG; Expert comment and analysis; Plus much more…

Brookfield’s defaults point to trouble ahead in the US office sector; Amundi hits the fundraising trail as it sees a renewed liquidity premium, Evora Global’s property investor survey demonstrates the impact of climate change; and more in today’s briefing, exclusively for our valued subscribers.

Blackstone’s request for an extension to a major Finnish loan denied by CMBS noteholders; abrdn sees continental European opportunity as it plans a new lending vehicle; HB Reavis says record Warsaw loan bodes well for future developments; and more in today’s briefing, exclusively for our valued subscribers.

Blackstone’s loan extension request hints at challenging market conditions; Edmond de Rothschild REIM sees opportunities in UK lending; Prologis taps the bond market; and more in today’s briefing, exclusively for our valued subscribers.

AEW’s revised estimate of the debt funding gap facing the UK, France and Germany illustrates the scale of the industry’s refinancing challenge; Generali and Blackstone’s debt fundraising targets indicate lending strategies remain attractive to investors; Pluto’s hiring of Phil Hooper from NatWest hints at its ambitions; and more in today’s briefing, exclusively for our valued subscribers.