Term Sheet: ECB’s credit warning, lenders taking keys on UK properties, BGO exceeds fundraising target

The European Central Bank’s latest warning on commercial real estate points to tighter lending conditions ahead; two lenders reported to have taken control of UK assets from borrowers in a sign of things to come; BGO defies a tough capital raising environment to exceed the equity target for its latest fund; and more in today's briefing, exclusively for our valued subscribers.