Borrowers

The property business of the German insurance giant closed a $234m loan in the US healthcare property sector in August.

The pandemic has changed how and where we work. But what does that mean for offices and how they will be financed?

Covid has added complexity because of the changes in lender appetite but the sector is bouncing back after a three-month hold.

Property finance intermediaries tell Real Estate Capital that sustainability is becoming a crucial factor when sourcing loans.

As building owners ready their properties for the real estate recovery, debt advisers are helping to source finance for their business plans.

Following a purchase by development and asset management firm W.RE, plans to renovate Arding & Hobbs are underway, spurred by a £55m loan from BentallGreenOak to redevelop the property.

Market sources say that during crisis’ times, firms are more eager to explore the whole spectrum of financing options.

Philipp Wass of Scope, the German rating agency, argues bond investors need to be better able to assess the impact of sustainability on issuers’ credit quality.

The US federal programme, which expired in July, had helped to funnel international capital into commercial property financing deals in the country.

The UK manager plans to apply a new lending framework to all its real estate loans, starting with a soon-to-be-launched debt fund.