REC staff
Brunswick’s debt business considers strategy after purchase by Niam; Westbrook’s push to lend in the UK shows opportunistic managers are attracted by current debt returns; Vonovia targets sustainability upgrades to its portfolio with funding from the European Investment Bank; and more in today’s briefing, exclusively for our valued subscribers.
Empira’s fundraising target demonstrates lending ambitions in the non-bank lending market; UK returns data from MSCI highlights the pressure on real estate performance; panellists at CREFC Europe’s London conference describe a market in a pause period; and more in today’s briefing, exclusively for our valued subscribers.
The latest Emerging Trends report by the Urban Land Institute and PwC highlights debt market fears for 2023; Aareal’s hotel loan to a Tristan Capital Partners fund demonstrates lender support for UK hospitality; NREP takes the initiative with a self-imposed carbon tax as it targets net zero; and more in today’s briefing, exclusively for our valued subscribers.
KKR prepares to lend in Europe as managers seek opportunities in a volatile market; ratings agency Moody’s highlights enhanced refinancing risk in its latest paper; debt’s share of real estate fundraising grows, but volumes drop overall; and more in today’s briefing, exclusively for our valued subscribers.
Blackstone sees slowdown as inevitable; investment in European residential declines; lenders take the co-operative route with borrowers; why CEE is a lending hot spot; cost of doing business crisis worsens for UK occupiers; and more in today’s briefing, exclusively for our valued subscribers.
Oxford Economics sounds alarm over declining interest coverage ratios; Fiera Real Estate sees "huge" potential as it launches a debt business; the mid-year 2022 Bayes Business School UK report provides a snapshot of a buoyant H1; and more in today’s briefing, exclusively for our valued subscribers.
Sirius Real Estate’s early refinancing demonstrates how some sponsors are aiming to get their finances in order; EXPO Real participants describe a market hit by uncertainty around rising debt costs; the Urban Land Institute warns of a ‘climate bubble’ as it publishes valuation guidelines to factor in transition risk; and more in today’s briefing, exclusively for our valued subscribers.
The UK’s economic crisis prompts a pause in real estate lending; delegates at EXPO Real in Munich discuss factors including refinancing risk; FAP Group’s latest research suggests demand for mezzanine debt is on the rise in Germany; and more in today’s briefing, exclusively for our valued subscribers.
The collapse of the pound prompts the suggestion foreign buyers can pick up UK property at a 25 percent discount; AXA IM – Alts and Lendlease secure debt deals for City of London assets; AEW identifies a €24 billion refinancing gap for key European property markets; and more in today’s briefing, exclusively for our valued subscribers.
Data from MSCI shows the global impact of inflation and rising interest rates on real estate returns; property lending specialists brace for further rates increases amid rising debt costs; Debt fund manager DRC Savills IM’s key hire signals Asia-Pacific plans; and more in today’s briefing, exclusively for our valued subscribers.