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REC’s view

Several big-name investment managers have launched strategies through which they will write loans against European real estate.
Canary Wharf
Among the past week’s noteworthy items, the owner of the biggest business estate in London’s Docklands raised £900m through its first green bond issuance.
Among the past week’s most noteworthy items, Link Group’s latest debt survey found that most UK debt providers expect to increase loan originations in 2021 despite the persisting pandemic.
Quartier-Heidestrasse
A €296m construction financing in the German capital, led by Deutsche Hypo, was among the week’s more eye-catching items.
Logistics real estate
Another major shed portfolio financing this week demonstrates real estate lenders’ sustained appetite for logistics exposure.
opportunity
Among the past week’s most noteworthy items, manager Oaktree emphasised the importance of credit-related deals to its new opportunity fund.
closed due to covid-19
Among the key trends highlighted in the past 10 days, lenders to UK real estate are left to ponder their borrowers’ plight following an extension to the ban on tenant evictions.
UK holiday
In a busy start to March, a UK leisure platform attracted £1.8bn of finance, banks re-upped on a London office tower loan and sponsors demanded speculative logistics debt.
awards envelope
Pandemic-induced uncertainty dented property financing activity last year. But the achievements of our awards winners demonstrate that many remained focused on credit matters.
Just as property debt providers have made progress incorporating environmental targets into loan deals, socially focused measures can also be part of their financings.
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