Lucy Scott
The refinancing of the US manager's Kereby platform saw local lenders replace financing from an international bank.
As high-profile assets go up for sale, the sector’s yield profile is piquing the interests of debt-providers.
French bank cites potential problems for Aareal and pbb Deutsche Pfandbriefbank, although the latter strongly disputes the findings.
A continued pause in the UK property investment market is expected following the Bank of England’s latest interest rate rise, which will further impact affordability of loans.
Receiverships at Docklands office buildings in London suggest even prudent senior lenders will be impacted by problems in the office sector.
Equity-focused managers tell the PERE Europe Forum they are increasingly considering lending strategies.
The manager has raised €1.2bn for European-focused debt opportunities as volatility persists.
The Swedish property company’s chief executive says alternative lenders will be thwarted in their attempts to break into the bank-dominated market.
The loan servicing firm is understood to have appointed Investec to market it to prospective buyers.
The US manager says it is on track to meet repayments, despite rating agency warnings about the impact of market conditions.