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Refinancing
New York-based property consultant, which expanded to Europe last year, foresees a transformative period in the region in 2025-26 amid loan maturities.
German lenders including Deutsche Pfandbriefbank are seeing their share prices impacted by US commercial real estate exposure.
Former Mark Capital executive assembles team of six at new firm Akkord to meet demand for help with problem assets.
Mark Branson said lenders will be under pressure as the credit quality of real estate loans continues to decline.
The German listed company is seeking to secure new terms on a bridging facility and bond debt maturing in 2024.
The Australian firm was sole provider of a £188m loan for the residential part of the London scheme.
The logistics specialist has around €800m of unsecured debt due to mature in 2024.
Refinancing risk will drive a further tightening of credit conditions, according to the central bank.
The London-based manager has refinanced Apache Capital Partners’ and Moda’s BTR scheme in Birmingham.
An expanded analysis of the refinancing shortfall shows the situation is more acute in Europe than in the US or Asia-Pacific.