Interest rates

Conditions are ripe for lending, but barriers to entry in the industry remain high, delegates at PERE’s London event heard.

The Washington DC-based agency says the sector is a salient near-term risk to global financial stability.

A senior representative from the central bank played down the risks associated with banks’ commercial property exposure at the PERE Network Europe Forum this week.

Speaking at the PERE Network Europe Forum, the CEO and CIO of real estate at the asset management giant said Europe’s debt funding crisis is about to intensify.

CREFC Europe, INREV and the Alternative Credit Council hit back at ECB warnings about risks posed by commercial real estate.

The Bank of England has warned global falling property values could lead to losses for creditors, echoing concerns shared by the European Central Bank.

The manager upsized the offering owing to investor demand, as bond market sentiment improves.

There was optimism at the Cannes event for more transactions amid predicted falls in interest rates, but several expect distress on European bank loans

European respondents to a global survey are most fearful about inflation and interest rate volatility in 2024.

The manager has sourced c€26bn of European debt since the start of 2023, and its borrowing specialist is confident about market conditions ahead.