Capital markets

German lenders including Deutsche Pfandbriefbank are seeing their share prices impacted by US commercial real estate exposure.

A recovery for REITs has been helped by loan-to-value ratios remaining more manageable than expected during the crisis, according to the bank’s analysts.

The German listed company is seeking to secure new terms on a bridging facility and bond debt maturing in 2024.

The concentration of bond financing issued by the country’s REITs makes it a target for potential acquisitions in the coming months.

The rating agency said borrowers with looming bond maturities will need to raise capital from asset sales.

The Eastern European property group has raised debt for offices as part of a €600m financing package.

HSBC’s exit from Canary Wharf is not a death knell for the estate. But it highlights problems facing those invested in the former financial hotspot.

The Swedish property company’s chief executive says alternative lenders will be thwarted in their attempts to break into the bank-dominated market.

CIM Group will follow a strategy similar to what it does it the US in which it works as a partner for banks.

The loan, which is secured by properties owned by the manager’s Sponda platform, has been placed into special servicing.