Offices

It was anticipated a wide range of real estate finance providers would help to quickly resolve the refinancing crisis but liquidity is not the issue.

The manager has provided the loan to a JV between US firm Hines and family business the Peterson Group.

With a design concept based on natural ventilation, sky gardens and natural lighting, Frankfurt’s Commerzbank Tower was a building ahead of its time.

The refinancing of a huge office tower in Paris's La Défense will be an indicator of the area's health – and whether it is in better shape than London's Canary Wharf.

KKR global real estate head Ralph Rosenberg expects capital constraints to also cause pain for owners outside of the office sector.

Speaking at the first District World Summit event in London last week, the bank’s co-head of real estate said values have not adjusted as quickly as anticipated.

The Eastern European property group has raised debt for offices as part of a €600m financing package.

HSBC’s exit from Canary Wharf is not a death knell for the estate. But it highlights problems facing those invested in the former financial hotspot.

Receiverships at Docklands office buildings in London suggest even prudent senior lenders will be impacted by problems in the office sector.

The transaction, on which JLL advised, was completed at a time when banks increasingly scrutinise office loans.