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Among the key trends highlighted in the past 10 days, lenders to UK real estate are left to ponder their borrowers’ plight following an extension to the ban on tenant evictions.
Tony Guthrie, a property receiver with consultancy Gerald Eve, says lenders in the UK are unlikely to enforce loans during the extended eviction moratorium, but that they need to be ready for its end.
In a busy start to March, a UK leisure platform attracted £1.8bn of finance, banks re-upped on a London office tower loan and sponsors demanded speculative logistics debt.
Uncertainty around the office sector’s future did not deter the banks from financing 110 Bishopsgate again.
Lenders expect to increase their lending volumes, but remain cautious about providing property loans, according to the Stuttgart-based advisor.
Ralf Kind, head of the company’s debt business, says investors are looking for safety by backing lending strategies.
Technology, innovation and the rise of the millennials are transforming commercial real estate. We explore opportunity and threats amid a global pandemic.
During 2021, equity capital will be diverted from offices and shops to beds and sheds, creating demand for debt finance. But lenders should not overlook opportunities elsewhere.
The organisations are among an increasing number of managers choosing the current volatile environment to better establish their European debt businesses.
The private investor believes the extended stay apartment model will benefit from future patterns of demand.
