The need to refinance a huge pile of maturing debt, lenders’ reticence to fund retail, and the growing importance of cashflow were among key topics raised at the consultancy’s latest Financing Property presentation.
Most did not exist a decade ago. Now, the UK’s emergent property debt providers, including challenger banks, peer-to-peer platforms and specialist lenders, are raising their profiles and their ambitions.
Just as the Brexit vote dampened activity, this year’s political uncertainty is taking its toll. But, as in 2016, certain sectors remain resilient, writes Lorna Brown of Legal & General Investment Management Real Assets