REC staff

Moody's downgrades Canary Wharf owner as it battles 'weak credit metrics'; Sirius Real Estate secures refinancing seven months ahead of maturity; German manager reignites lending plans; survey sentiment shows debt providers struggle to find optimism; Colliers report reveals UK investment volumes have nosedived; and more in today's briefing, exclusively for our valued subscribers.

Inside: How much should European lenders and borrowers worry about events in the US?; Lone Star’s Grayken discusses distress; Salary survey – alternative lenders play catch up; Plus much more…

Savills sees stress but not significant distress in the loans market; Tristan Capital Partners finds conditions ripe for a second debt fund. At CREFC Europe’s Spring Conference, refinancing challenges, the allure of credit strategies and alarm about the US rank high among talking points; and more in today's briefing, exclusively for our valued subscribers.

After another UK rate rise, not everyone is convinced the end is in sight; Germany’s Aareal Bank and pbb Deutsche Pfandbriefbank update on their real estate performance in a tough market; Savills considers the risk of tightening credit standards; and more in today's briefing, exclusively for our valued subscribers.

Financial markets remain unsettled following the collapse of First Republic Bank; more refinancing success for Blackstone in Spain; Oaktree lands large capital pile for European lending spree; the view from the Deutsche GRI gathering in Frankfurt; European lenders reflect caution in the ECB's latest lending survey; and more in today's Term Sheet, exclusively for our valued subscribers.

The latest figures from Bayes Business School show refinancing activity propped up UK lending volumes in 2022; Loan servicer Mount Street puts a majority stake up for sale following a period of growth; Brookfield’s latest default hints at challenges in the US real estate debt market; and more in today’s briefing, exclusively for our valued subscribers.

Listed UK property company LXi REIT’s major refinancing demonstrates lender appetite for long-income real estate; a restructuring plan for Germany’s Adler gets the go-ahead; Essen-based manager Aukera corrals capital for a ‘super-senior’ strategy; and more in today’s briefing, exclusively for our valued subscribers.

Lenders back logistics despite rising yields; LaSalle is to support retrofitting with a £500 million strategy; BNP Paribas Asset Management launches its third debt vehicle; Moody’s spots the rising default risk of German residential loans; and more in today’s briefing, exclusively for our valued subscribers.

Blackstone’s €680 million Spanish hotels refinancing demonstrates lender appetite for certain sponsors and properties; Cheyne Capital and Berlin Hyp provide office loans to sponsors with transformation plans; Singapore’s ARA reorganises its European property lending businesses; and more in today’s briefing, exclusively for our valued subscribers.