April 2017 Issue


    Month: April
    Year: 2017

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    Editor’s Letter: Finding viable alternatives

    Across many European real estate sectors, prime yields are unlikely to compress much more this cycle. For investors, enhanced return prospects are largely pinned on rental growth in undersupplied markets.

    Westminster reconsiders tax treatment of CRE loans

    The future of tax relief for interest payments is uncertain, writes Daniel Cunningham

    €116bn of new European CRE debt issued in 2016

    The volume of new lending to European commercial real estate dipped last year, according to CBRE Capital Advisors, but origination levels remain strong, writes Daniel Cunningham

    Sunny skies, cautious sentiments

    The European property sector decamped to MIPIM last month. Although most were upbeat, caution was the watchword, reports Daniel Cunningham

    Lenders check into thriving hotel sector

    Hotels are an alternative property type that many lenders are eager to bank, writes Lauren Parr.

    Student housing passes the test

    At one time, student accommodation was not noted for its quality. Today, institutional-grade property is being provided across Europe and lenders are taking note, finds Lauren Parr.

    In good health

    Europe’s healthcare market is increasingly institutional, writes Lauren Parr.

    Locking in income

    Investors plan to increase their allocations to the self-storage sector, but lenders see the European market as fragmented, finds Lauren Parr.

    Blackstone: Borrowing and delivering

    Gadi Jay and Will Skinner of Blackstone tell Daniel Cunningham how they source the debt behind the firm’s European property deals.

    US market view: What next for Dodd-Frank?

    CRE lenders in the US are yet to brace themselves for a Dodd-Frank roll-back, writes Meghan Morris, the New York-based reporter of sister title PERE.

    CAPITAL WATCH: Recent lending deals March 2017

    TH Real Estate sourced major loans during late February and March 2017. The firm agreed a £205 million loan from ING and LBBW secured by four prime London offices from the Cityhold Office Partnership at a margin understood to be above 150 basis points.

    CAPITAL WATCH: Investor pricing survey March 2017

    Investors are taking a cautious approach to the UK commercial real estate market, the results of the latest Colliers International and Real Estate Capital Investor Pricing Survey show.

    CAPITAL WATCH: Private real estate debt funds March 2017

    The latest figures compiled by our data team show there are 27 debt funds with known targets above €100m currently fundraising.