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The chief executive of the Slovakia-based office developer and operator says covid-19 has boosted the case for flexible workspace.
Participants in Real Estate Capital’s virtual roundtable on the Spanish market expect the pandemic to reshape the profile of the country’s real estate lending market.
Real estate lenders are greeting the covid vaccine breakthrough with characteristic caution. But it is tempting to consider more favourable financing conditions in 2021.
By backing construction schemes, debt providers are carefully considering future demand for real estate, delegates at CREFC Europe’s conference heard last week.
The pandemic is accelerating the growth of non-bank lenders in Europe’s mid-sized loan market, argue panellists at CREFC Europe’s autumn conference.
Loan distress is brewing, banks are playing it safe and alternative lenders are aiming to make gains in the market.
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The investment manager said long leases on the office building and supermarket which secure the loan were among its reasons for agreeing to the transaction.
Europe’s real estate debt providers have become more selective about what they are prepared to lend against.
The report, authored by the business school formerly known as Cass, reveals new UK lending dropped 34% to £15.5bn in H1 2020.