February 2016 Issue

There appear to be two counteracting forces at work in the real estate debt markets in the early part of 2016. On the one hand, there is some caution and nervousness. Market players are looking at events out of their control, such as the negative effect of woes in China on stock markets around the world and wondering whether there may be signs of a new crisis looming in 2016.

Managers widen the strategy for follow-on high-yield funds in 2016, reports Jane Roberts.

Europe’s real estate industry believes equity will continue to flood into its main markets during 2016, although expectations are notably lower than they were a year ago, according to Emerging Trends in Real Estate Europe, the annual forecast published jointly by the Urban Land Institute and PwC.

While Asia’s disparate markets offer investors a variety of real estate opportunities, one theme slices through when it comes to lending: local banks are still the first choice for debt.

Specialist investors are targeting high-quality healthcare assets, writes Daniel Cunningham.

Quest for big portfolio deals set to shift from UK to Continent, reports Jane Roberts.

More lenders are tempted to take the plunge despite sector’s volatility, reports Al Barbarino.

High returns make sector the top alternative choice in Europe, reports Doug Morrison.

Ireland’s real estate market recovery has attracted overseas banks, writes Daniel Cunningham.

Leading domestic lender Bank of Ireland has set its sights on a sustainable recovery, reports Daniel Cunningham.

Having more than doubled its assets to $6.1bn since 2006, US-based debt fund manager Quadrant is targeting a UK and Irish market opportunity. Al Barbarino explores the firm’s strategy, in conversation with CEO Kurt Wright.

Real Estate Capital market commentary • Despite a slowdown in the market towards the end of 2015, significant loans were closed in the UK. A club of banks provided £425 million to refinance Value Retail’s Bicester Village outlet centre in Oxfordshire. The five-year loan was provided by pbb Deutsche Pfandbriefbank, Santander, Crédit Agricole, RBS and […]

The latest figures compiled by our Research & Analytics division show there are 117 real estate debt funds in the market, seeking just over $48.9 billion of capital in total. In numerical terms, funds with an Americas focus lead the way. However, while smaller in number, the total sum being targeted by Europe-focused funds is slightly larger than that of their Americas counterparts.