Banks

Following the bank’s €400m refinancing of a pan-European logistics portfolio for GLP, its managing director for special property finance says funding for multi-jurisdictional transactions is scarce.

Louise Gillon, head of hotel finance at lender Leumi UK, says she is confident in long-term demand for high-quality accommodation in city centre locations.

Commercial mortgage-backed securities issuance in Europe is gaining traction, with six deals launched so far this year.

The report, compiled by The Business School, formerly known as Cass, reveals new UK lending dropped 23% to £33.6bn in 2020.

The bank’s head of real estate finance for Germany's regions says it faced stiff competition to back the €700m Silberturm tower purchase in Frankfurt.

According to the advisor’s fifth UK debt survey, lenders are gearing up for a recovery but remain cautious about market conditions.

Debt providers are increasingly looking outside the most competitive markets for logistics lending opportunities, says the bank’s EMEA real estate head.

Following the German bank’s financing of a London hotel for L+R, its managing director of special property finance says it currently favours hotels capable of attracting a broad mix of guests.

Sector specialists expect more retail dominated non-performing loan sales, but say banks are still getting to grips with pandemic-related distress across their wider portfolios.