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REC’s view

AXA IM’s US acquisition expands its debt playing field

Through its purchase of a debt business from Quadrant, the French giant has gained access to a greater set of lending opportunities, and the ability to be more selective.

Four trends lenders should see as opportunities

As the late stage of the property cycle begins to bite, the 2019 Emerging Trends Europe report indicates where debt providers should put their capital to work.

A year after the Catalan crisis, Barcelona is back in favour

Political tensions between Catalonia and Spain’s central government have not disappeared, but an upturn in investment activity in the region suggests it is back on the map for investors and lenders.

Europe’s debt fund managers must be ready for a downturn

Commercial property debt funds gained traction in Europe due to post-crisis financial illiquidity. Now, managers must prove their model will work through cycles.

What we learned from Cass

An uptick in acquisition financing, borrowers addressing debt needs ahead of Brexit, and an aversion to lending to retail are among the trends emerging from the latest report on UK property lending.

Germany’s shortage of builders says a lot about European real estate markets

We might be at a late stage of the property cycle, but capital providers are determined to find routes into the market.

Why lenders should get to know Spain’s SOCIMIs

Almost a decade since the launch of the Spanish equivalent to the REIT regime, listed property vehicles are creating significant business in the debt space.

Why it is tough at the top of the real estate lending business

Lower bank lending volumes, the dominance of investment banks in emerging markets and growing pools of capital in the non-bank sector; clear trends emerged while compiling the latest Europe’s Top 40 Lenders.

Populism isn’t rocking markets, but it remains a threat

The far-right surge in Sweden’s election might not be a direct hazard for real estate investors and lenders, but it is a symptom of potentially damaging European political unrest.

Lessons from Lehman must remain front-of-mind

On the 10th anniversary of the collapse of Lehman Brothers, the real estate debt industry is in better shape, but lenders can never become complacent again.

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