If 2016 was the year the table was turned over, 2017 is the year when the pieces need to be picked up.
The country’s real estate debt specialists remain sanguine despite gathering clouds in the local banking sector, writes Daniel Cunningham.
Questioning one of lending’s sacred tenets resulted in a thought-provoking debate at CREFC Europe’s most recent London conference, writes Jane Roberts.
The European market has been quiet compared with 2015’s boom. However, activity will increase moderately as lenders reassess their portfolios, according to Evercore.
Five years ago, they emerged to provide mezzanine loans. As the market has evolved, so have lenders aiming to provide high-yielding finance, writes Lauren Parr.
Established debt fund managers are expanding as investors continue to choose
exposure to private real estate debt, writes Jane Roberts.
Short-term lending opportunities are expected to persist, although some bridge finance providers are being forced to change strategies, writes Doug Morrison.
Unlike most pension fund lenders, CPP Investment Board aims to take more risk for more return. Daniel Cunningham meets the European private real estate debt team.
The year-end 2016 and early 2017 period saw a clutch of significant financing deals closed in the UK market.
The latest figures compiled by our Research & Analytics division show there are 113 real estate debt funds in market, seeking just over €42 billion of capital in total.