NPLs

Collaboration between the US alternative lender and the Munich-area-headquartered bank signals innovation in European commercial real estate lending.

The Frankfurt-based business is aiming to raise €300m of equity to deploy in Germany, Austria, and Switzerland.

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.

The European head of the loan servicing firm expects to see loan sales and forced disposals next year.

The London-headquartered loan servicer has partnered with an Athens-based investment group as it sees growing volumes of NPLs trade in the market.

Private equity firms which bought legacy loan portfolios in recent years face the challenge of keeping workout plans on target.

Growing pressure on Europe’s banks due to the pandemic could hinder their ability to continue lending into commercial real estate at pre-virus levels.

Johnny Horgan, the managing director of BidX1, a property trading platform, explains how the rise of a digital marketplace is a value-add to investors and managers.

Greece and Italy look like attractive countries in the sector.

Although billion dollar-plus NPL deals may be fairly common in Europe, China’s market offers fewer big ticket opportunities for international investors.