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German lenders including Deutsche Pfandbriefbank are seeing their share prices impacted by US commercial real estate exposure.
Conceptual of travel and vacation.
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.
Refinancing risk will drive a further tightening of credit conditions, according to the central bank.
Expectations of 2024 rate cuts are already factored into base lending rates, according to market watchers.
Finance will remain scarce for the next two years, while buyers and sellers disagree on values, according to the bank’s latest sentiment survey.

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