July/August 2018 issue


    Month: July
    Year: 2018

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    Loan servicers: Buying expertise in Southern Europe

    Acquisitions of loan servicing platforms have enabled private equity firms to move into hot new markets on the continent.

    Loan servicers: Behind the scenes

    How do loan servicers support the real estate finance industry, day-to-day?

    Land of the rising debt

    Japan Post Bank is the latest Japanese institutional investor seeking real estate debt and other credit funds that serve a conservative investment approach.

    The evolution of loan servicers

    With lucrative work-out mandates in short supply, loan servicers are exploring alternative business lines.

    EC proposals create uncertainty for secondary loan markets

    The LMA has discussed suggested amendments with the European Commission. The industry body's head of legal Amelia Slocombe comments some of the key issues.

    London offices attract finance in June deals

    Real Estate Capital’s data on the latest UK and continental European real estate lending deals.

    Be ready for a rise in the cost of money

    An increase in rates could lead to some lenders reducing their maximum LTV levels, says Savills' Nick Hume.

    News in numbers: Lenders a-plenty

    The figures that shaped the property finance industry from mid-May to mid-June.

    Amundi: Entering the fray

    Asset management giant Amundi is aiming to deploy €800m through its first real estate debt strategy. Real Estate Capital headed to the firm’s Paris HQ to find out more.

    Goldman goes Dutch for latest securitisation

    The US bank has made a swift return to Europe’s CMBS market with an office deal in the Netherlands.

    Landmark sale kicks off Greek NPL market

    The country’s first major property-backed portfolio sold by a domestic bank met with strong demand.

    Deka capitalises on renewed Korean interest in London

    The German bank’s £205m loan to Mirae demonstrates the opportunity for European lenders to back South Korean investors.

    Italy’s affair with populism spooks lenders

    Political turmoil has caused unease in the commercial real estate sector, although some are still prepared to lend in the country.

    AEW and Ostrum debt vehicle set for €549m final close – Exclusive

    The pair’s Senior European Loan Fund II is 80% invested, with full deployment targeted for September.

    Revival of the fittest

    The return of CMBS creates additional liquidity for the European market, but its scope should remain selective.

    Banking on an extended cycle

    Lenders at the Loan Markets Association conference expected the real estate debt opportunity to persist.

    It is a good time to be an incumbent lender

    Property owners are reluctant to sell assets, meaning refinancing will be a major driver of lending activity.