retail

As building owners ready their properties for the real estate recovery, debt advisers are helping to source finance for their business plans.

Sector specialists say the anticipated sale will create a way forward for lenders and investors working on distressed shopping centres in the country.

Ali Otmar of Tristan Capital Partners and Ben Eppley of Apollo Global Management discuss a transaction, which Otmar says required the 'extreme end of flexibility'.

The French manager will add high-yield lending to its repertoire as it aims to double its credit assets under management.

Market sources say non-bank lenders dominate the financing of such schemes as they look for returns in parts of the market underserved by traditional banks.

Consultancy's latest Debt Map report shows there was little change to the terms in most prime office senior lending markets during Q1.

Sector specialists expect more retail dominated non-performing loan sales, but say banks are still getting to grips with pandemic-related distress across their wider portfolios.

Market disruption caused by the pandemic will create value-add and opportunistic investment opportunities in the two sectors, according to the Swiss investment bank.

The recent upsurge in the use of company voluntary arrangements on the UK high street is adding to the risk of financing retail property.

Financings like the £60m, five-year revolving credit facility for Supermarket Income REIT should become more regular in the UK grocery retail sector as demand mounts.