Banks

A senior representative from the central bank played down the risks associated with banks’ commercial property exposure at the PERE Network Europe Forum this week.

Speaking at the PERE Network Europe Forum, the CEO and CIO of the asset management giant said Europe’s debt funding crisis is about to intensify.

CREFC Europe, INREV and the Alternative Credit Council hit back at ECB warnings about risks posed by commercial real estate.

The German bank has provided a €60m facility for the Leipzig asset.

The Bank of England has warned global falling property values could lead to losses for creditors, echoing concerns shared by the European Central Bank.

The manager upsized the offering owing to investor demand, as bond market sentiment improves.

The UK and South African bank is raising capital from investors to acquire real estate assets on a deal-by-deal basis.

The financing replaces construction debt put into place in 2019.

Christof Winkelmann, chief market officer at the German bank, said the lender successfully dealt with troubled hotels during covid-19 and will do the same with its US office exposure.

The subsidiary of German lender pbb Deutsche Pfandbriefbank is speaking to investors about raising up to €500m.