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M&G Investments, the investment arm of pension fund Prudential, has become the third UK firm in two days to suspend trading in one of its real estate vehicles, reported Real Estate Capital's sister title, PERE.
The day after 52 percent of referendum voters in the UK cast “leave” votes, US Treasury yields had dropped to the lowest rate in five years, and US stocks have been battered. But CRE lenders remain confident that the US real estate finance markets could benefit as the picture in the UK becomes bleaker.
The Bank of England continued its response to the Brexit vote today by freeing UK bank reserves to encourage them to keep lending.
The governor of the Bank of England, Mark Carney said the central bank had reduced regulatory capital buffers by £5.7 billion to help boost lending to households and businesses.
Standard Life Investments (SLI), the asset management arm of insurer Standard Life, has suspended trading in its £2.9 billion UK property fund, Standard Life Investments UK Real Estate, following a rapid increase in redemption requests since the Brexit vote, Real Estate Capital’s sister publication, Private Equity Real Estate reported.
Lenders are likely to attempt to hike loan margins in the UK real estate lending margin in the short-to-medium term in a bid to price the increased risk of doing business in the wake of the country’s decision to leave the European Union.
The news that a prominent Singaporean bank has placed a moratorium on new mortgages for customers buying London homes indicates that there will be further pressure on the prime residential sector in the UK capital in the wake of the Brexit vote. UOB (United Overseas Bank), which is based in Singapore, has said that it will temporarily […]
The UK’s EU referendum vote appears to have dashed hopes of a surge in activity towards year-end. Pause, pause, boom. That was the imagined sequence in UK commercial real estate financing. Pause for the referendum vote on 23 June, pause again for the summer holidays in July and August and then, on September 1st, […]
The UK’s property investment community gathered for their annual dinner in London last night and around the tables and in the bar there was just one topic of conversation. In surprising contrast, the person who stood out because he didn’t mention the country’s historic vote to leave the European Union was the guest speaker and prominent Brexit supporter, Luke Johnson.
New policies since the global financial crisis have created “silos” which have limited the ability of regulators to maintain an overview of their regulations’ effects on the European commercial real estate debt market says a paper published today. CRE Debt in the European Economy 2016 is aimed at Europe’s policymakers and - Brexit vote notwithstanding - is the first piece of joint work on the debt markets put out by a coalition of UK and European associations
UK real estate finance market players have reacted to the country’s historic vote to leave the EU with a mixture of shock and bewilderment, but also resolve. Outwardly, many in the overwhelmingly pro-EU industry have expressed a ‘keep calm and carry on’ message in the face of the inevitable economic uncertainty which has gripped the […]