The manager, which has sourced a £42m loan for a Birmingham BTR scheme, will pause further borrowing activity in the sector due to the rising cost of debt.
The loan servicer predicts finance will focus on bridging the debt funding gap and green upgrades, says Serenity Morley, managing director, loan servicing, at Mount Street.
REC Europe’s most popular stories of the year included in-depth analysis of the impact of rising interest rates and the refinancing challenge facing the industry.
Figures published by the consultant show that 74% of offices are below the required EPC B label in the UK and 40% of offices do not have the required EPC C label in the Netherlands.