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Morningstar DBRS has flagged German and Nordic banks with large commercial real estate books as vulnerable to increased loan loss provisions.
German lender provided an acquisition and development facility to US property company.
The asset is the redeveloped Le Magnum building which managers Patron Capital and EDR REIM acquired in 2018.
German lenders including Deutsche Pfandbriefbank are seeing their share prices impacted by US commercial real estate exposure.
The German lender, which has over €11bn allocated to the asset class, played a key role in the UK financing.
The science and technology-focused partnership has added UK bank Barclays to its club of lenders.
After reporting a €623m loss connected to the real estate group, Zurich-based lender Julius Bär says it will refocus on more ‘traditional’ lending.
Former Mark Capital executive assembles team of six at new firm Akkord to meet demand for help with problem assets.
Mark Branson said lenders will be under pressure as the credit quality of real estate loans continues to decline.
The German listed company is seeking to secure new terms on a bridging facility and bond debt maturing in 2024.