Banks

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.

Christof Winkelmann, chief market officer at the German bank, said the lender successfully dealt with troubled hotels during covid-19 and will do the same with its US office exposure.

The subsidiary of German lender pbb Deutsche Pfandbriefbank is speaking to investors about raising up to €500m.

European respondents to a global survey are most fearful about inflation and interest rate volatility in 2024.

The manager’s original €450m facility has been increased, with new lenders Deutsche Bank and CACIB added.