The conservative use of debt by commercial property investors has reduced the likelihood of boom-and-bust, but the market is becoming more intricate in this elongated cycle.
German banks’ ability to underwrite mega-loans shows their confidence in the originate-to-distribute model when the right deals come to market.
The pipeline of purpose-built rental housing for the UK has never been fuller. But while institutional equity is bullish, the sector’s lenders need more clarity on market metrics.
Land Securities’ launch of a flexible office brand is the latest example of the model going mainstream.
Debt strategies will continue to play an important role in the coming years, despite the volume of capital raised for property credit funds dropping sharply in 2018.
SoftBank’s interest in WeWork has waned, prompting questions about what the value is in co-working businesses.
Debt providers stand to benefit from property owners’ growing focus on customer experience.
The Real Estate Finance unit of Link Asset Services, which is launching its third survey of the UK property lending market, expects banks to be more cautious as Britain’s exit from the EU nears.
Tailwinds including government support and opportunities in the build-to-rent sector will support the housing market over the next year, writes Randeesh Sandhu, CEO of residential development lender Urban Exposure.
More development funding, pain in the retail space and growth in M&A deals are among our expectations for the year ahead.