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Restructuring
A proposal to restructure £460m of debt secured by the London property shows Brookfield would not have recouped enough from a sale.
The advisory firm has hired a former real estate banker with extensive restructuring experience.
Navigating the current debt landscape requires a blend of debt sourcing and restructuring expertise, experience and a deep network in the real estate industry, says Cyril de Romance.
Refinancing challenges in Europe’s property debt market could lead to more direct real estate sales in the coming 18-24 months, the consultant says.
Before this cycle, there was little need for borrowers in European real estate markets to turn to intermediaries for advice. Now, debt advisors’ expertise is valued by many in the sector.
Marc Nardini argues that lenders will begin an “aggressive” realigning of their portfolios once market conditions begin to improve.
In the final part of REC's series on capital flows, Lauren Parr examines how real estate credit vehicles are being boosted by the rise of private debt.
Equinox, Hercules and DECO deals may be hit, Barclays Capital warns