With gilt yields reaching post-GFC highs, the UK’s economic issues threaten to impact real estate lending; US manager Värde Partners completes two significant lending deals, indicating the opportunities for non-bank lenders; Close Brothers hires from CBRE as it pushes into student housing and build-to-rent lending; and more in today’s Term Sheet, exclusively for our valued subscribers.
Term Sheet is back for the new year, with lending industry hopes high for an improved market; Brookfield tackles debt maturities on two London office assets; Aareal Bank issues a large-ticket loan for Polish and German logistics; and more in today’s Term Sheet, exclusively for our valued subscribers.
Opportunities are emerging from troubled assets or owners, but they are not what the industry had anticipated.
Canary Wharf Group’s refinancing loan from Apollo Global Management rounds off a significant year of borrowing for the landlord; Aareal Bank’s loan to a north German outlet shopping property indicates lender appetite for the retail format; Delancey gets behind the launch of a secure income lender, broadening its real estate reach; and more in today's briefing, exclusively for our valued subscribers.
KKR and Baupost’s UK hotels purchase creates a financing opportunity, including for Bank of America; Partners Group’s acquisition of Empira brings with it exposure to real estate lending; France’s political uncertainty threatens to further depress real estate investment; and more in today's briefing, exclusively for our valued subscribers.
Brookfield provides financing in the UK single-family rental sector as it aims to ramp up lending; Blackstone’s latest CMBS features tighter pricing than recent issues; Canary Wharf Group sources an equity backstop ahead of upcoming debt maturities; and more in today's briefing, exclusively for our valued subscribers.
Brookfield’s high-profile real estate executive discussed where the firm sees the growth potential in real estate credit investments.
The financing of real estate takes a prominent position in discussions at COP29; Blackstone remains Europe’s largest CMBS sponsor with its latest deal; DWS sounds a positive note about lending; and more in today's briefing, exclusively for our valued subscribers.
Amid a relatively slow loan sales market, re-performing loans have changed hands in Iberia; US manager Kennedy Wilson highlights property lending as it discusses this year’s performance to date; real estate finance is on the agenda as the COP Summit gets underway in Baku; and more in today's briefing, exclusively for our valued subscribers.
Donald Trump’s US election success spells uncertainty for the macroeconomic and geopolitical backdrop; Fortress sees opportunity in Germany’s dislocated lending market; an optimistic note was struck at CREFC Europe’s Autumn Conference; and more in today's briefing, exclusively for our valued subscribers.