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22 Bishopsgate
At 62 storeys and 912 feet high, the office building can boast being the second tallest in the UK.
UK offices and retail are sectors of most concern as interest coverage ratios plummet.
The manager said lower refinancing LTVs and falling capital values could cause problems for maturing loans, but described the funding gap as ‘relatively modest’ in historic terms.
The participants in Real Estate Capital Europe’s mid-market roundtable seek to discover opportunity in a segment buffeted by economic headwinds.
The manager is on the hunt for borrowers with ESG-related business plans.
Ludo Mackenzie of Octopus Real Estate
The borrower plans to launch a repositioning strategy with the commercial bridging loan.
Westfield Centro
The German manager contributed to a €700m refinancing of one of the country's leading shopping centres.
New credit facility, combined with recently raised equity, gives the grocery property investor £500m for an acquisition spree.
Retail survivors of the pandemic
Debt providers have been highly cautious of the troubled retail property sector in recent years. Now, some are taking a fresh look at parts of the market.
Results from CREFC Europe's Q2 2022 sentiment survey reveal fading optimism among real estate debt professionals in the wake of the war in Ukraine.

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