Borrowers

Large real estate consultancies have been developing debt advisory services in response to decreasing transaction volumes and increasing demand, writes Beth Ure.

As Q4 approaches, macroeconomic uncertainty continues to set the tone in the industry.

The manager has expanded the geographic scope and timeframe of its previous analysis in its latest estimate.

Amsterdam-based Elfi has sourced a €45m loan from the UK-based manager for the repositioning project.

The credit ratings agency says the Toronto-based manager faces a 'severe test' meeting repayments as interest rate costs on the securitised loan soar.

Banks remain a major part of Europe’s refinancing picture, but insurers are also becoming more active.

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

Despite a risk-off environment, lenders are ‘having to get their heads around’ operational deals given the uptick in activity in the space.

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.