Loans

The office complex has recently been refinanced for more than €600m by a syndicate of French banks.

The central bank says private credit lending and specialist real estate banks could pose unseen issues for financial stability.

The unsecured £50m facility will be used for the development of 25,000 new homes over the next 10 years.

Apsys CFO says lenders to the Canopia project were convinced by its ‘pioneering’ environmental credentials.

Lenders face troubled debt positions as final maturity dates set out in loan agreements approach.

Kay Wolf, chief executive officer, says the German lender is focused on disposing of loans but will reinvest the capital in new business.

The Southern Europe-focused manager took just five months to reach a final close for the fund, well below the European average.

Christof Winkelmann, chief market officer at the German bank, said the lender successfully dealt with troubled hotels during covid-19 and will do the same with its US office exposure.

European respondents to a global survey are most fearful about inflation and interest rate volatility in 2024.

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