Judging by what is happening to Europe’s other big logistics platforms, Brookfield’s refinancing of Gazeley could foreshadow a private sale to an Asian state buyer.
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France’s vote for Emmanuel Macron as president will do much to calm European markets, including real estate and those who finance it.
Investors remain keen on real estate debt, as recent fund closes, including more than £1 billion for PGIM Real Estate, demonstrate.
Lenders continued to capitalise on the extended cycle, loan terms became more conservative, and banks remained dominant; De Montfort University’s 2016 UK CRE lending report provided plenty of food for thought.
France is due to go to the polls on Sunday and a June general election has been called in the UK. Politics continues to lead the agenda for European real estate.
Lloyds’ €600m syndicated financing of Unibail-Rodamco – complete with sustainability incentives – hints at the possibilities for a European ‘green’ property lending market.
Blackstone and Prudential's £11.8 billion purchase of a loan portfolio demonstrates today's demand for non-core but performing debt.
The triggering of Article 50 passed with little reaction from the real estate finance industry, but it brings into sharp focus the political and economic challenges facing the UK and Europe.
Attempts to clamp down on multinationals avoiding taxes have inadvertently embroiled the world of real estate lending.
The view from La Croisette