September 2018 issue
Populism isn’t rocking markets, but it remains a threat
The far-right surge in Sweden’s election might not be a direct hazard for real estate investors and lenders, but it is a symptom of potentially damaging European political unrest.
News in numbers: CMBS yields creep out
Pricing for A-notes in the latest securitisation deals indicates spreads are widening.
Debt fund data: Who is fundraising in September 2018?
The latest figures from our data team show there are 25 Europe-focused debt funds with known targets above €100m currently fundraising.
UK pricing survey: Shopping crisis hits forecasts
Shops are most likely to feature at the top of investors' sell-lists, according to the latest Real Estate Capital and Colliers International pricing survey.
A decade since Lehman: 10 casualties of the crisis
Property markets the world over were hit, but some transactions weighed on events – or were shaped by them – more than most. Real Estate Capital and our sister title PERE pick 10 that had the biggest impact.
Luck, judgment and money: What it took to thrive after Lehman
A handful of organisations found they were unencumbered by their pre-crisis dealings, able to recognise bottoming conditions and could access the capital to get investing again. They became the post-crisis winners.
‘Like the end of the world’: How Lehman crashed the real estate lending market
When Lehman Brothers failed, banks’ real estate lending units pulled down the shutters. The implications are still being dealt with a decade later.
Lehman: Real estate’s day of reckoning
A decade after the largest financial bankruptcy in US history, the private real estate industry has been reshaped by tough lessons learnt. In this first of a series of features, we examine the impact of the collapse of Lehman Brothers on global real estate.
How Allianz has changed its debt business
The German firm has adapted the structure and strategy of its real estate lending.
Eastdil Secured on why borrowers and lenders are having to get creative
Riaz Azadi and Rob Weinberg, managing directors at Eastdil Secured, discuss how investors and lenders are breaking new ground in pursuit of enhanced returns.
How boutique advisors ply their trade
Independent debt advisory shops navigate the small- to mid-sized loan market for clients, finds Lauren Parr.
First Growth Real Estate on finding routes into Europe’s debt markets
There is finance out there for investment strategies in Continental Europe, but you need to know where to look, say Francesca Galante and Cyril de Romance, co-founders of debt advisory firm First Growth Real Estate.
How to sell property debt advice on the Continent
While there are few intermediaries in the space, demand for their services in Europe is growing.
Are debt advisors worth the money?
Intermediaries argue they can plot a route for clients through complex credit markets.
The end of easy money
As the European Central Bank prepares to wind down its quantitative easing programme, Meghan Morris examines how global monetary stimulus has affected real estate and what the latest development means for the asset class
Lending data: A summer of CMBS
Real Estate Capital’s data on the latest UK and Continental European real estate lending deals.
Why lenders don’t fear Brexit
In little more than seven months, the UK leaves the European Union. Real estate lenders are keeping their cool.
Is now the time to buy a debt fund?
The rising popularity of real estate debt generates M&A opportunities, but the lack of independent debt fund businesses limits the scope for consolidation.
The slow-burning impact of rising rates
Last week’s UK interest rate hike is not an immediate cause for concern in the real estate debt market, but the gradual shift in monetary policy is a headwind.
Lenders must not waste the Asia opportunity
Cosying up to Eastern money is a strategic must for European debt providers as strong demand from the continent for London offices mitigates Brexit outflows closer to home.