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.
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.
US bank lending conditions tighten further prompting concern across financial markets; Sweden's SBB fails to convince ratings agency with its deleveraging drive; the UK debt opportunity seduces yet another equity investor; lending looms large at the PERE Europe Forum; and more in today's briefing, exclusively for our valued subscribers.Â
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.
The sector is vulnerable to rising interest rates due to low debt yields and cashflow constraints, says the credit rating agency.
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.
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