Interest rates

The firm is confident in the European lending market’s prospects, David Gorleku, from Blackstone’s real estate credit business, tells REC Europe.

Stability appeared to be the watchword ahead of the US election and UK budget.

Brookfield’s high-profile real estate executive discussed where the firm sees the growth potential in real estate credit investments.

Analysis by manager AEW reveals the composition of the €86bn debt funding gap.

The move keeps the country on course to reach a 2% policy rate by 2025 and strengthens expectations of further recovery in real estate transactions.

With interest rate cuts setting the stage, European real estate lenders are gearing up for increased loan origination in 2024, particularly in the acquisition and development sectors.

Those expecting values to be correlative to debt ‘are holding out for something that won’t happen’, says the capital markets executive.

German banks face huge uncertainty as the country’s real estate sector gradually resets. Private debt managers are aiming to capitalise on the disruption.

The index scores calculated across the survey results show an improvement in respondents’ outlook.

The €499m bond, due to mature in October, was restructured with the help of a €100m loan from majority shareholder Apollo.