Capital markets

The first CMBS-type deal in the sector in Europe is sponsored by US company Vantage Data Centres.

Noteholders in the retail-focused securitisation will vote on the proposal later this month.

The CMBS special servicer will leave the valuation in draft form until the future of the asset’s key tenant is clearer.

The manager upsized the offering owing to investor demand, as bond market sentiment improves.

The manager has sourced c€26bn of European debt since the start of 2023, and its borrowing specialist is confident about market conditions ahead.

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

German lenders including Deutsche Pfandbriefbank are seeing their share prices impacted by US commercial real estate exposure.

A recovery for REITs has been helped by loan-to-value ratios remaining more manageable than expected during the crisis, according to the bank’s analysts.

The German listed company is seeking to secure new terms on a bridging facility and bond debt maturing in 2024.

The concentration of bond financing issued by the country’s REITs makes it a target for potential acquisitions in the coming months.