The Washington DC-based agency says the sector is a salient near-term risk to global financial stability.
A senior representative from the central bank played down the risks associated with banks’ commercial property exposure at the PERE Network Europe Forum this week.
Speaking at the PERE Network Europe Forum, the CEO and CIO of the asset management giant said Europe’s debt funding crisis is about to intensify.
Noteholders in the retail-focused securitisation will vote on the proposal later this month.
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The CMBS special servicer will leave the valuation in draft form until the future of the asset’s key tenant is clearer.
CREFC Europe, INREV and the Alternative Credit Council hit back at ECB warnings about risks posed by commercial real estate.
The German bank has provided a €60m facility for the Leipzig asset.
The firm has originated two loans, one in Germany and the other in the Netherlands, ahead of a fourth fund launch.
As borrowers increasingly seek whole loans, senior funds are more difficult to deploy, according to the manager’s head of commercial debt funds.