Lucy Scott
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.
BF.direkt’s fourth quarter sentiment sweep of 110 lenders shows mood is at an all-time low.
Loans coming to maturity in the next two years will be hard hit by interest rate rises and decreasing loan-to-values, respondents said.
The busy conference halls at the Munich event belied a lull in investment activity while the industry awaits stability.