Lucy Scott
US offices will continue to weigh on banks exposed to the sector, Morningstar has warned.
The manager also reported on its latest earnings call it had increased its stake in Oaktree Capital Management, the primary vehicle through which it invests in European real estate credit.
The business school’s 2024 report shows rate cuts boosted lending activity, but defaults rose as debt costs remained elevated.
The German-focussed lender said a pronounced market recovery was not yet in sight.
European advisory specialists report investment banks, including back leverage providers, are nervous.
In this podcast, we explore why Sweden, one of Europe’s most bank-dominated markets, remains fertile ground for non-bank lenders.
The commercial mortgage-backed securitisation is the largest European CMBS deal since 2021.
The Dutch lender has said real estate credit spreads have widened by less than other European sectors since the global trade tariffs announcement.
The manager needs time to complete a plan to upgrade thousands of assets.
A proposal to restructure £460m of debt secured by the London property shows Brookfield would not have recouped enough from a sale.