Starwood’s US office default adds another high-profile name to those that have not met debt deadlines this year; Goldman Sachs reveals real estate write-downs across its portfolio; a conclusion to the Evergrande saga appears closer; and more in today's briefing, exclusively for our valued subscribers.
The first European CMBS in more than a year is planned, secured by logistics properties owned by Blackstone; Fitch highlights potential stresses for a securitised Brookfield loan in Germany; Italy’s COIMA sources green financing for part of its Milan regeneration scheme; and more in today's briefing, exclusively for our valued subscribers.
Naxitis CIB says German lenders will struggle under its 'severe stress test' scenario; lending to account for half of South Korea public pension fund's overseas real estate strategy; Octopus Real Estate sets to work raising its fourth debt vehicle; HBSC warns investors away from UK REITs; Finloop finds debt funds behind most new issuances; and more in today's briefing, exclusively for our valued subscribers.
UK lenders take a further step towards standardised green lending with a draft ESG framework; Adler Real Estate, the Germany-focused business facing significant refinancings, is raided as part of an accounting investigation; Edmond de Rothschild Real Estate Investment Management’s fundraising target for real estate debt capital signals non-bank lenders’ ambitions; and more in today's briefing, exclusively for our valued subscribers.
The departure of banking giant HSBC puts the future of London’s Canary Wharf in the spotlight; Valesco Group makes contrarian office purchase with the support of existing lenders; NREP's new parent Urban Partners makes a play for sustainable mezzanine lending; and more in today's briefing, exclusively for our valued subscribers.
Central banks diverge paths for the first time in months as inflation and high rates persist; the Bank of England’s system-wide stress test brings scrutiny to alternative lenders; Germany’s FAP makes a sustainable statement by converting its debt fund to Article 9; and more in today's briefing, exclusively for our valued subscribers.
UK real estate company First Property Group becomes the latest to enter the lending space with a senior loans platform; Ireland’s central bank warns of elevated risk to real estate loans; Brookfield sources a significant German refinancing from Starz Real Estate; and more in today's briefing, exclusively for our valued subscribers.
France’s Tikehau and Altarea step into real estate lending with the launch of a potential €1 billion platform; Brookfield secures £300 million of finance for its UK life sciences conference in one of the year’s key deals so far; AXA IM Alts secures financing for its French film studios deal; and more in today's briefing, exclusively for our valued subscribers.
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.