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Panellists at CREFC Europe’s conference on offices say lenders are factoring in capex programmes and shorter leases when underwriting properties.
The pandemic reinforced the need for managers to strike closer partnerships with their tenants, according to the firm’s global head of real estate.
Hoong Wey Woon, partner with financial services firm Alantra, says real estate lenders are getting creative as they strive to invest the large amounts of capital they have raised.
Opportunistic lenders are gearing up to provide debt in distressed situations. But market participants do not expect an abundance of distressed deals during the market's recovery phase.
Lenders are considering what constitutes an enticing financing opportunity as European real estate recovers from the pandemic.
In the first of a three-part deep dive, we find out how lenders view their role in real estate's recovery from the covid crisis.
Gadi Jay, who is responsible for sourcing debt for Blackstone's European investments, says the pandemic has not prevented the US firm from financing its property strategy.
Historically, real estate has performed well when prices rise, but the pandemic era raises unique questions and challenges.
Hugo Raworth, valuation specialist with loan services provider SitusAMC, says analysis of income, sustainability costs, and data will play a greater role in determining real estate value.
The UK challenger bank’s debut loan in the sector was put on hold at the start of the pandemic but the resulting deal was larger than initially planned.
