Last year’s rapid rise in interest rates signalled the end of a decade of cheap real estate debt.
Two of the biggest names in private real estate were engaged in conversations with their lenders about loans that are now due.
The credit manager has set up a Paris-based debt business focused on lending against assets being readied for a low-carbon economy across continental Europe.
As huge bond repayments loom, the country’s property companies are looking for alternative sources of finance.
The loan servicer predicts finance will focus on bridging the debt funding gap and green upgrades, says Serenity Morley, managing director, loan servicing, at Mount Street.
As a new economic reality comes into focus, real estate companies will be working with much uncertainty in the months ahead.
BNP Paribas REIM says the inflationary market favours ESG and demographic-related value creation.
Lahcen Knapp, Empira’s chairman, expects an open playing field in Germany as domestic banks retreat.
The London-based manager‘s pan-European CREDO fund has invested in the Irish hotel market as it sees competitors ‘retreating’.
The financial services firm is advising investors to refrain from buying as property prices fully adjust.