Banks

Münchener Hyp makes its third consecutive increase in capital set aside for potential defaults.

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 real estate at the asset management giant said Europe’s debt funding crisis is about to intensify.

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 Bank of England has warned global falling property values could lead to losses for creditors, echoing concerns shared by the European Central Bank.

The manager upsized the offering owing to investor demand, as bond market sentiment improves.

The UK and South African bank is raising capital from investors to acquire real estate assets on a deal-by-deal basis.

The financing replaces construction debt put into place in 2019.