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The Toronto-based manager wanted to find a buyer for the London office tower by 20 January, prior to the expiration of the underlying commercial mortgage-backed securities loan.

The manager says many borrowers will need a range of rescue capital solutions next year.

The manager says a variety of factors are creating compelling returns opportunities across debt and equity strategies.

Speaking at PEI Group’s Women in Private Markets Summit, the capital markets specialist said banks want to issue indirect real estate loans.

Antonio de Laurentiis, the French manager’s global head of real asset debt, provides his outlook for real estate credit in 2025.

Debt fundraising, financing deal analysis and a major loan sale featured in our most viewed stories.

Special servicer SitusAMC has agreed to a one-year extension on the loan backed by The Squaire, which was set to mature this month.

Challenging financing conditions persisted this year, but real estate lenders became more confident to transact.

The loan, secured against a German designer outlet village, was underwritten by Aareal Bank.

The facility replaces a €723.9m loan secured by the Finance Tower, owned by South Korea’s JR Global REIT.