Offices

As a new economic reality comes into focus, real estate companies will be working with much uncertainty in the months ahead.

A long-term partnership with Earlsfort Capital Partners has allowed Minneapolis-based Castlelake to expand its lending platform in the UK and Ireland.

Figures published by the consultant show that 74% of offices are below the required EPC B label in the UK and 40% of offices do not have the required EPC C label in the Netherlands.

At 62 storeys and 912 feet high, the office building can boast being the second tallest in the UK.

UK offices and retail are sectors of most concern as interest coverage ratios plummet.

The US office glut was years in the making. Some of today’s most-favoured property types are also at risk of suffering a similar fate.

The manager is on the hunt for borrowers with ESG-related business plans.

Aareal Capital Corp last week originated a $370m green loan for SL Green Realty Corp, a frequent CMBS borrower.

The French group stays in capital raising mode as it banks €200m more than expected for its senior debt vehicle.

In a research note on European real estate, the US investment bank warned office values will fall as rental growth vanishes.