Banks

The financing, from two Dutch and a French bank, will support the growth of the manager’s pan-European logistics platform.

HSBC’s exit from Canary Wharf is not a death knell for the estate. But it highlights problems facing those invested in the former financial hotspot.

A continued pause in the UK property investment market is expected following the Bank of England’s latest interest rate rise, which will further impact affordability of loans. 

Receiverships at Docklands office buildings in London suggest even prudent senior lenders will be impacted by problems in the office sector.

Debt providers can take steps to navigate complex situations in this challenging market, comments Ali Khaki, insolvency practitioner with FTI Consulting.

Large commercial real estate exposures and rising credit risks of Swedish loans make the region’s biggest banks vulnerable as prices decline, DBRS MorningStar warns.

A full-scale financial crisis currently looks unlikely, but there is further potential for volatility, the manager warned.

The Central Bank of Ireland’s latest review foresees continued price declines testing loan-to-value covenants.

The investment manager acquired one of France’s largest studios from French property manager Nexity.

BF.direkt’s latest sentiment survey shows tightening credit conditions as Europe’s operating conditions worsen.