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European loan servicers are working to bring borrowers and lenders together to find solutions which avoid enforcement, writes Mark Cooper.
Greater supply of debt and more flexible lending structures are starting to help unlock development activity, says Lisa Attenborough, Knight Frank’s head of debt advisory.
With interest rate cuts setting the stage, European real estate lenders are gearing up for increased loan origination in 2024, particularly in the acquisition and development sectors.
Those expecting values to be correlative to debt ‘are holding out for something that won’t happen’, says the capital markets executive.
Michael Zerda was among Europe’s first cohort of private real estate debt managers. Over a decade on, he considers the future of debt and equity structures.
As alternative lenders expand their market share across Europe, debt advisory is gaining prominence, CBRE’s Chris Gow and Clarence Dixon argue.
Alternative lenders are thriving in mid-to-large loans while banks dominate larger deals, says Trimont’s Dean Harris.
While the region is in a more stable economic place today, the uptick in transaction activity isn’t happening uniformly across all regions, says Gareck Wilson, managing director at Solutus.
As senior lending issuance remains muted, the German bank is seeking higher-yielding opportunities via a debt vehicle.
The subordinate loan was part of the €720m refinancing led by US bank Citi of Finnish flexible office operator Technopolis.