Banks

The bank has provided a £46m loan to South Korean managers Kiwoom Securities and Hana Securities.

The bank’s chief executive says he is confident it will 'get through' the challenging market conditions.

The German bank has provided a €130m facility to Schroders for an office portfolio.

The loan, to developer ZAR Real Estate, includes capex for an ESG-focused upgrade of the properties.

Two domestic managers, Silverton and Pöttinger, have paired up to offer advice in cases where schemes have stalled.

The big opportunity, managers argue, is in real estate credit. But while many investors’ attention has pivoted to the asset class, their capital is yet to follow.

Inflation and geopolitical problems remain, but evidence is growing that property values may not fall much further, say experts.

Morningstar DBRS has flagged German and Nordic banks with large commercial real estate books as vulnerable to increased loan loss provisions.

German lender provided an acquisition and development facility to US property company.

The asset is the redeveloped Le Magnum building which managers Patron Capital and EDR REIM acquired in 2018.