Senior debt

The UK’s fast-changing political and economic landscape, however, could mean fundraising may slow down in the months ahead. 

The firm, which has hired two executives from Cheyne Capital to lead the business, sees opportunities arising from ‘a wall of refinancing’.

The busy conference halls at the Munich event belied a lull in investment activity while the industry awaits stability.

European commercial real estate investment activity was subdued in the first half of 2019. CBRE data show overall volumes were down 19 percent in H1 2019, year-on-year, to €120 billion. However, debt markets remained relatively active, with refinancing deals supplementing acquisition financing transactions. CBRE’s European Debt Map for Q2 2019 showed that in nine out […]

Patrick Walcher has taken the helm at LBBW’s restructured property lending business. Daniel Cunningham talks to him about his plans.

The French asset manager, which is closing in on its first lending deals, will write senior loans on core, core-plus and value-add properties across continental Europe.

ICG-Longbow, the real estate debt-focused arm of Intermediate Capital Group, has held a final close of its third senior debt fund on £370 million (€409 million).

The sharp fall in five-year swaps has depressed forecast returns for UK senior debt, from 3.7 to 3.3 percent.

Amid continuing low interest rates, ease of availability and low return requirements, senior loans in Germany are tipped to “increase in attractiveness in the future” according to the EY Real Estate Capital Radar Germany 2016 report.