Borrowers

The chief executive of the Frankfurt-headquartered bank said he has not seen the recovery in 2024 he had expected.

The hospitality deal represents the manager’s biggest loan of 2024 so far.

The Dutch bank and logistics manager say relationship lending plays a continued role in the market.

The first interest rate cut in the euro area has not changed the lending rate outlook for real estate.

Morningstar DBRS believes the outstanding loan balance is higher than the value of the assets, as rental income declines and vacancy increases.

The manager previously secured an extension to another loan for its Sponda platform in Finland.

The company’s managing director says its latest purchase is part of a growing portfolio of ‘essential real estate’ – for which lenders also have appetite.

The number of borrowers seeking loans for new transactions increased via the online lending platform during Q1 2024.

The debt was provided to Finnish company Technopolis, owned by manager Kildare.

With the country set to elect a new governing party for the first time in 14 years, industry executives consider the implications.