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The private real estate firm believes proximity to transport hubs is critical for office assets.
The cost of debt increased overall in Q1 2022, remaining stable only in Zurich, according to real estate investment service CBRE.
A return to work could lead to a new lease of life for these properties, which have been falling out of favour with lenders.
1 Golden Lane
Ben Eppley, the US firm’s head of property debt in Europe, says the transitional financing is representative of Apollo’s recent lending.
After five years of transitioning its real estate portfolio, the £47bn investor remains resolute when it comes to the workplace.
The head of real assets at the Dutch investor says building valuations will take a hit unless owners are proactive in making their assets sustainable.
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