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How the coronavirus threatens real estate finance
The covid-19 pandemic represents uncharted territory for Europe’s commercial property lenders.
‘In the current situation, it’s really tough to underwrite something,’ Rainer Komenda, the €80bn Bavarian pension investor’s head of real estate funds, tells sister title PERE.
Lower-for-longer conditions are driving capital into property markets. But persistently low interest rates are also a concern for real estate investors and lenders.
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