March 2019 issue

Rising interest rates, CMBS volatility and the likelihood of higher spreads are among the factors borrowers in the US need to think about, writes Ryan Krauch of Mesa West Capital.

Private real estate debt vehicles need to prove their value to investors in a more crowded and competitive market.

Analysis of the latest commercial real estate lending data, provided by CBRE, shows debt terms are favourable for sponsors.

Last year saw record real estate investment volumes, but factors including Brexit and weaker economic growth may mean 2019 is not as buoyant, writes Tom Leahy, senior director for EMEA analytics at Real Capital Analytics.

Lenders are keeping Europe’s property market financially liquid, despite Brexit and the extended nature of the current real estate cycle, argues Nassar Hussain of Brookland Partners.

Specialist insurer Rothesay Life is not a household name, but its sole underwriting of Goldman Sachs’ new European HQ puts it into the big league.

The firm's head of capital markets Hugh Fraser gives an insight into borrowing conditions across Europe.

To test the mood of the European commercial real estate market, Real Estate Capital teamed up with the Commercial Real Estate Finance Council Europe to publish its first sentiment survey of the sector.

Retail property values are falling, forcing lenders to question their exposure to the sector.

The organisations and deals voted last year's best can be announced at long last.

Debt providers and borrowers need to work together if they are to help struggling shopping properties.

With many lending organisations’ origination parameters limited, experienced staff are being attracted to roles as debt intermediaries.

The pipeline of purpose-built rental housing for the UK has never been fuller. But while institutional equity is bullish, the sector’s lenders need more clarity on market metrics.

Land Securities’ launch of a flexible office brand is the latest example of the model going mainstream.

Debt strategies will continue to play an important role in the coming years, despite the volume of capital raised for property credit funds dropping sharply in 2018.

Capital raised for real estate debt funds globally in 2018 fell precipitously after peaking at $39bn the previous year.