An uptick in liquidity of development finance in the UK looks likely to fall far short of demand, as lenders remain cautious when it comes to construction schemes.
The Property Industry Alliance’s ‘adjusted market value’ metric is high-level stuff, but has the potential to prevent catastrophe.
Pbb Deutsche Pfandbriefbank has posted a 9.5 percent year-on-year increase in new business to the end of September 2017, totalling €6.9 billion of lending.
Cerberus-owned Haya Real Estate is planning to raise €475 million through a bond issue expected to close by 15 November. The senior, secured five-year bond includes a €250 million fixed-rate tranche, with an annual coupon of 5.25 percent; and a €225 million floating-rate tranche with a coupon of three-month Euribor (subject to a zero percent […]
Real Estate Capital’s editorial team is busy compiling shortlists for our fourth annual awards, and we want to hear from you.
The 10-year notes carry an annual coupon of 1.5%.
Münchener Hypothekenbank has resumed lending in the US, a market it pulled back from in 2009, to further expand its international portfolio.
Voting for this year’s awards will open in early December, so now is the time to tell us your achievements.
Core investors’ growing interest in providing debt rather than buying prime assets outright makes sense in this prolonged stage of the cycle.
The question now is whether this is a ‘one and done’ move or a gradual realignment that will eventually end a decade of cheap debt.