The European commercial real estate lending market faces numerous headwinds. John Barakat, head of real estate finance at M&G Investments, explains how managers can protect their investors’ capital while generating a return.
The need to refinance a huge pile of maturing debt, lenders’ reticence to fund retail, and the growing importance of cashflow were among key topics raised at the consultancy’s latest Financing Property presentation.
Most did not exist a decade ago. Now, the UK’s emergent property debt providers, including challenger banks, peer-to-peer platforms and specialist lenders, are raising their profiles and their ambitions.