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After reporting a €623m loss connected to the real estate group, Zurich-based lender Julius Bär says it will refocus on more ‘traditional’ lending.
Scope Ratings listed six securitised European loans, due to mature this year, as most at risk.
The consultant’s newly launched sustainability index finds industrial properties are less impacted by sustainability than offices and retail.
The manager has provided the loan to a JV between US firm Hines and family business the Peterson Group.
As high-profile assets go up for sale, the sector’s yield profile is piquing the interests of debt-providers.
The US manager says it is on track to meet repayments, despite rating agency warnings about the impact of market conditions. 
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.

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