Draft valuations for a Paris asset financed via Europe’s first ‘green’ CMBS hint at the extent of the problems facing the office sector; Barclays real estate specialist Jess Tomlinson takes the top property job at UK competitor Lloyds; industry bodies urge the European Central Bank to engage in dialogue for a better understanding of the challenges facing real estate markets; and more in today's briefing, exclusively for our valued subscribers.
UK bank Lloyds is in the frame to provide a major loan as part of a prime shopping centre recapitalisation plan; French firm Nexity sells its real estate management business as it pays down its debts; rating agency Fitch highlights contagion risk from commercial real estate losses, led by offices; and more in today's briefing, exclusively for our valued subscribers.
The European Central Bank's reiterated concerns about commercial real estate are echoed by the Bank of England; Grosvenor goes on the communication offensive about its expanded UK residential debt plans; Investec declares it is more than a lender with the launch of an equity side strategy; CBRE Investment Management generates mega-refinancing deal for London's Battersea Power station with the asset's construction lenders; and more in today's briefing, exclusively for our valued subscribers.
The UK and South African bank is raising capital from investors to acquire real estate assets on a deal-by-deal basis.
Sunny skies in Cannes belie debt manager frustrations; the European Central Bank warns of struggles ahead for commercial real estate in a higher-for-longer rate environment; Vonovia losses provide insight into how German real estate firms are coping; and more in today's briefing, exclusively for our valued subscribers.
Industry professionals at MIPIM in Cannes expect better financing conditions ahead; US manager Apollo increases its focus on European real estate debt with a dedicated fund; AXA IM Alts taps the development finance market for a major London scheme; and more in today's briefing, exclusively for our valued subscribers.
The winners of the Real Estate Capital Europe Awards 2023 highlight the industry’s successes during a tough year; German's Aareal Bank divulges the impact on its figures of lending against US offices; we delve into the shift in attention within the private real estate industry towards credit strategies; and more in today's briefing, exclusively for our valued subscribers.
In a major move for a real estate debt specialist, Blackstone’s Jonathan Pollack is heading to Starwood; researchers at manager AEW publish figures around the likely scale of defaults and loan losses in the European property lending market; manager ICG Real Estate looks towards Continental European lending as it aims to raise €2 billion for its next fund; and more in today's briefing, exclusively for our valued subscribers.
The Fed’s scrutiny of US banks’ retail loans does little to quell concerns about contagion; pbb Deutsche Pfandbriefbank remains in the spotlight as a short seller says the bank needs to come clean about problem loans; Davidson Kempner could be the next big name to target real estate lending; and more in today's briefing, exclusively for our valued subscribers.
German lender pbb Deutsche Pfandbriefbank's share price takes a hit as the impact of US banking concerns is felt; Nine Elms developer finds a taker for its London scheme as it struggles with debt repayments; Panattoni reveals blind spots for lenders over green lending; and more in today's briefing, exclusively for our valued subscribers.