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The peaks in the last two real estate cycles were predictable and lenders could have avoided massive losses if long-term asset values had been adequately monitored, a group of senior industry figures has concluded.
A diverse mix of lenders is willing to finance a broad range of property across the UK, although the leverage and pricing they are prepared to offer varies significantly, new research from Capita Real Estate Finance has shown.
Shariah-compliant bank Gatehouse Bank has appointed Charles Haresnape as its new chief executive.
John Feeney, who has led Lloyds Bank Commercial Banking's commercial real estate business for four years, has been promoted to acting head of global corporates, with Madeleine McDougall promoted to acting head of the CRE unit.
Capital & Counties Properties (Capco) has appointed Situl Jobanputra (pictured), formerly finance director for its massive Earl's Court project, as its new chief financial officer to replace outgoing CFO Soumen Das who is joining SEGRO.
Avamore Capital, the London-based short-term property finance specialist, has hired Italian national Rocco Versace as an analyst. Versace has been brought in from Anacott Capital Real Estate, the real estate investment and advisory firm, where he focused on the UK and Italian lending markets.
Hadrian’s Wall Secured Investments has completed an initial public offering (IPO) on the London Stock Exchange, raising £80 million (€104 million; $117 million) and becoming the first main market IPO of an investment company on the exchange this year.
The Crown Estate has appointed Kate Bowyer (pictured) as its new chief financial officer. Bowyer will join the property company this autumn from shopping centre developer/investor Intu Properties.
Peer-to-peer real estate lender LendInvest has appointed Stephan Wilcke (pictured), the former executive chairman of OneSavings Bank, as senior adviser to its senior management team.
Over the last two years, the likes of Venn, M3 Capital Partners, Prudential Financial, M&G and Legal & General have been allocating large sums to the build-to-let market.
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