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Lucy Scott

IMF flag against blue sky
The Washington DC-based agency says the sector is a salient near-term risk to global financial stability.
Speaking at the PERE Network Europe Forum, the CEO and CIO of real estate at the asset management giant said Europe’s debt funding crisis is about to intensify.
The CMBS special servicer will leave the valuation in draft form until the future of the asset’s key tenant is clearer.
CREFC Europe, INREV and the Alternative Credit Council hit back at ECB warnings about risks posed by commercial real estate.
The Bank of England has warned global falling property values could lead to losses for creditors, echoing concerns shared by the European Central Bank.
The manager upsized the offering owing to investor demand, as bond market sentiment improves.
The manager says more investors will return to real estate following a recovery in stocks and bonds.
The financing replaces construction debt put into place in 2019.
European respondents to a global survey are most fearful about inflation and interest rate volatility in 2024.
The manager says the additional capital provides it with £1.3bn in available capital.
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